Brazilian President Luiz Inacio Lula da Silva expressed the significance of his visit to India, highlighting how it fundamentally influenced Brazil’s economic policies. He emphasized the cultural and financial connections between the two countries, acknowledging India’s role in inspiring Brazil to build up its international hard currency reserves. Reflecting on this pivotal moment, President Lula recalled his realization during the 2005 trip to India about the importance of such reserves, leading Brazil to become one of the largest international reserve holders globally. During his address at the India-Brazil Economic Forum, he emphasized the shift from debtors to creditors at the IMF, showcasing Brazil’s achievement of accumulating USD 360 billion in reserves.