Despite economic headwinds in the BRICS countries and external skepticism about whether the bloc is losing its power over recent years, the International Monetary Fund (IMF) said earlier this month in its latest issue of World Economic Outlook that in emerging market and developing economies, the 2016 growth will accelerate for the first time in six years.
China and India, in particular, will continue their relatively fast pace in growth this year and next, according to the IMF projections. Meanwhile, the IMF cut its 2016 growth prospects for advanced economies following a slowdown in the United States and Britain's referendum vote to leave the European Union.
The five BRICS leaders just met last month in the eastern Chinese city of Hangzhou when China hosted the 11th summit of the Group of 20 (G20) major economies.
At their meeting on the sidelines of the G20 summit, President Xi said that BRICS members should enhance coordination to make emerging-market economies and developing countries play a bigger role in international affairs.
BRICS nations are leaders among emerging-market economies and developing countries, and also important members of the G20, Xi said, noting that they should reinforce coordination to build, maintain and develop the BRICS and G20 platforms.
China has been a staunch supporter for and an active participant in BRICS cooperation, Chinese Vice Foreign Minister Li Baodong told reporters earlier this week.
"We hope the Goa summit can send out a positive signal of confidence, solidarity and cooperation, help deepen our practical cooperation and promote the cooperation level, enhance communication and coordination on major international issues to safeguard our shared interests, and strengthen dialogue and cooperation with other countries in the region," Li said at a press conference ahead of Xi's trip.
India is the final stop of Xi's Southeast Asia and South Asia tour, which has already taken him to Cambodia and Bangladesh.
Before leaving Bangladesh on Saturday morning, Xi laid a wreath at the national martyr monument in Dhaka.