Putin Affirms India's Strategic Autonomy Amid Sanctions Threats
Putin backs India's strategic autonomy, says sanctions would boomerang
Image: Asianet Newsable
During the St Petersburg International Economic Forum, Russian President Vladimir Putin expressed strong support for India's strategic autonomy, stating that any Western sanctions would backfire. He praised India's sovereign decision-making and highlighted the growing economic influence of BRICS compared to the G7.
- 01Putin emphasized that India's strategic autonomy allows it to choose products that best meet its needs.
- 02He stated that Western sanctions threats against India would 'boomerang immediately'.
- 03Putin noted that BRICS countries now account for 49% of global GDP growth, surpassing the G7's 18%.
- 04He projected BRICS nations to grow by over 4% annually, while G7 growth is expected to be only 1.1%.
- 05Putin recognized India as a key partner in the global IT sector, highlighting its significant role in the software market.
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Russian President Vladimir Putin, speaking at the St Petersburg International Economic Forum, reaffirmed his support for India's strategic autonomy, asserting that any threats of Western sanctions would 'boomerang immediately'. He praised India for its ability to select products based on national interests, free from external pressures. Putin highlighted the strong bilateral cooperation between Russia and India, stating that it remains unaffected by the political climate. He also pointed out the economic shift in global governance, noting that BRICS countries have surpassed the G7 in economic volume, with BRICS contributing 49% to global GDP growth compared to the G7's 18%. Furthermore, he projected that BRICS nations would continue to grow at a rate of over 4% annually, contrasting with the G7's anticipated growth of just 1.1%. Putin recognized India's significant contributions to the IT industry, underscoring its vital role in the global software market.
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India's strategic autonomy in choosing products and partnerships could lead to enhanced economic growth and technological advancements.
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