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Sea Routes Need To Be Secure: PM Modi's Hormuz Reference At BRICS Event

V
Vaibhav Tiwari
Sea Routes Need To Be Secure: PM Modi's Hormuz Reference At BRICS Event
AI Summary

Prime Minister Narendra Modi addressed the BRICS Business Forum, emphasizing the necessity of secure sea lanes for global trade and the safety of seafarers. He also highlighted the rapid economic growth of BRICS nations compared to the rest of the world.

Why it matters

The speech underscores India's geopolitical concerns regarding maritime security in the Strait of Hormuz and the growing influence of the BRICS economic bloc.

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Prime Minister Narendra Modi used the BRICS Summit Business Forum to express a major concern that is causing anxiety among Indian seafarers.Apparently referring to recent attacks on ships linked to India - chiefly in the Strait of Hormuz, a maritime chokepoint that has become a US-Iran battleground - PM Modi linked global trade progress to the security of sea lanes, supply routes, and seafarers."Global trade progress is possible only when sea lanes are secure, supply routes remain open, and seafarers are safe. That is why India is a staunch supporter of freedom of navigation and the safety of seafarers," he said.PM Modi also dwelled on the grouping's growing economic might, saying the combined GDP of BRICS nations grew twice as fast as the global GDP."Today, BRICS nations represent 50% of the world's population, 40% of its GDP, and over 25% of global trade.

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