BRICS must amplify the voice of global south: Sitharaman

Finance Minister Nirmala Sitharaman has said that BRICS is a vital platform for advancing inclusive multilateralism especially when global institutions are facing a crisis of legitimacy and representation. Speaking at BRICS Finance Minister and Central Bank Governors (FMCBG) meeting in Rio de Janeiro, Brazil on Monday, Sitharaman said India has demonstrated resilience through a combination of strong domestic demand, prudent macroeconomic management, and targeted fiscal measures.

She further emphasised that India's policy response to trade and financial restrictions has focused on diversifying markets, promoting infrastructure-led growth, and implementing structural reforms aimed at boosting competitiveness and productivity. “While South-South cooperation remains vital in advancing climate and development goals, the Global South should not be expected to carry the main burden of climate action, and BRICS countries are well placed to deepen cooperation on sustainable development,” she emphasised.