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.

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