Brasilia: Prime Minister Narendra Modi on Thursday said that terrorism has caused loss of nearly one trillion dollars to the global economy and slowed down the economic growth of developing nations by 1.5 per cent.
“According to some estimates, the economic growth of developing nations has decreased by 1.5 per cent due to terrorism," Mr Modi said at the Plenary session of the summit, welcoming the first seminar on BRICS Strategies for Countering Terrorism.
The Prime Minister is on a two-day visit to Brazil, where the five-nation meet is being held.
“The atmosphere of doubt created by terrorism, terror financing, drug trafficking and organized crime indirectly and deeply harms trade and business,” the Prime Minister said.
He also said that over a decade, around 2.25 lakh people have lost their lives due to it.
“I am happy that the first seminar on BRICS Strategies for Countering Terrorism was organized. We hope that such efforts and activities of the five working groups will increase strong BRICS Security Cooperation against terrorism and other organized crimes," the Prime Minister said.
Leaders of Brazil, Russia, India, China and South Africa are attending the 11th BRICS Summit at the iconic Itamaraty Palace in Brasilia.
