Speaking to reporters on the sidelines of BRIC summit, Singh noted that the four countries can benefit by sharing their experiences in the field of inclusive growth.
Singh said, "We are four large countries with abundant resources, large populations and diverse societies... We aspire for rapid growth for ourselves and for an external environment that is conducive to our development goals."
Singh pointed out that energy and food security as two specific areas where they can work together.
He further said that the people of the four countries "expect us to work together so as to bring the benefits of inclusive social and economic development to them."
"Our grouping includes two of the largest energy producers and two of the largest consumers in the world. We can cooperate in both upstream and downstream areas, and in the development of new fuels and clean energy technologies," he said.
BRIC countries have an important role to play in the shaping the pace, direction and sustainability of global economic growth, he added.