'Terrorism caused loss of $1 trillion to world economy': PM Modi at the 11th BRICS Summit
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PM Modi raised the issue of terrorism at the BRICS Summit stating it has resulted in the loss of $1 trillion to the world economy. He said terrorism is the biggest threat to development, peace & prosperity. The economic growth of developing nations has shrunk by 1.5% due to terrorism. Modi proposed to hold the 1st meeting of BRICS water ministers in India. He stressed on paying special attention to mutual trade & investment.