Ques. How do youth entrepreneurship and innovation contribute to economic growth and development in BRICS nations? 

Ans. Youth entrepreneurship and innovation play a pivotal role in fueling economic growth and development across BRICS nations. By harnessing the creativity and dynamism of our young population, we drive innovation, create job opportunities, and spur economic diversification. Through initiatives supported by BRICS CCI, such as mentorship programs, startup incubators, and access to funding, we empower youth to translate their ideas into viable businesses, contributing significantly to our collective prosperity and fostering a sustainable future for generations to come. 

Ques. In your opinion, what are the key challenges hindering youth entrepreneurship and innovation in BRICS nations, and how can they be addressed? 

Ans. Inadequate infrastructure, regulatory obstacles, restricted financial access, and a dearth of entrepreneurial education are the main obstacles to youth entrepreneurship in the BRICS countries. To tackle these issues, it is necessary to put supporting legislation into place, encourage mentorship initiatives, improve funding accessibility through public-private partnerships, modernize infrastructure, and incorporate entrepreneurship instruction into the curriculum. 

Ques. What initiatives or programs does the BRICS Chamber of Commerce and Industry undertake to support and empower young entrepreneurs across BRICS countries? 

Ans. Young entrepreneurship is encouraged by the BRICS Chamber of Commerce and Industry through programs like skill development workshops, networking events, and mentorship programs. Young entrepreneurs from Brazil, Russia, India, China, and South Africa may collaborate and share knowledge across borders through it, which equips them with the skills necessary to successfully navigate the global business environment. 

Ques. How important is cross-border collaboration and knowledge exchange among young entrepreneurs and innovators in the BRICS framework? 

Ans. Within the BRICS framework, young entrepreneurs and innovators must collaborate across borders and exchange knowledge in order to stimulate mutual growth, leverage varied viewpoints, and access wider markets. It promotes innovation, increases competition, and makes it easier for best practices to be shared. Through this partnership, the BRICS countries will be better able to tackle global issues and seize new possibilities in the dynamic global economy. 

Ques. Looking ahead, what opportunities do you see for further engagement and collaboration among the youth of BRICS nations, particularly in the context of emerging trends and challenges in the global economy? 

Ans. Young people from the BRICS countries can promote cooperation by taking advantage of new trends like innovation, digitalization, and sustainable development. Joint ventures, skill-sharing platforms, and youth-led projects addressing global concerns present opportunities. Participating in virtual collaborations and cross-cultural interactions can improve understanding and cooperation among people, building a strong network of young leaders who will shape the global economy of the future. 

Ques. In what ways can the BRICS Chamber of Commerce and Industry facilitate networking and partnerships among young entrepreneurs and businesses across BRICS nations? 

Ans. By regularly hosting conferences, seminars, and workshops; of fering online platforms for collaboration and idea-sharing; establishing mentorship programs that pair seasoned business owners with up-and-coming ones; providing grants or funding opportunities for collaborative projects; and encouraging cross-border trade missions and delegations, the BRICS Chamber of Commerce and Industry can foster networking and partnerships among young entrepreneurs and businesses across the BRICS nations.