Why in news?
The Member countries of the BRICS group should assist private entrepreneurs to help them deal with the economic fallout of the coronavirus (COVID-19) pandemic, External Affairs Minister said on 27th April during a video conference of foreign ministers.
What was emphasized by India in the conference?
- We need to provide support to businesses, especially MSMEs, to tide over the crisis and ensure livelihoods are not lost.
- The pandemic is not only posing a great risk to the health and wellbeing of humanity but is also severely impacting global economy and out by disruption of global trade and supply chains
- The need for reforms in the multilateral bodies like the United Nations.
- India’s pharmaceutical support to around 85 countries to deal with the viral infection.
