BRICS leaders held an informal meeting in the sidelines of G20 summit in Japan’s Osaka. (Photo: Twitter/@MEAIndia)
New Delhi :
Terrorism is the biggest threat to humanity which not only kills innocents but also severely affects the economic development and social stability, Prime Minister Narendra Modi told BRICS leaders at G20 summit in Japan’s Osaka on Friday. Speaking at the informal BRICS leaders’ meeting on the sidelines of the G20 Summit, Modi said that there was a need to stop all the mediums of support to terrorism as well as racism.
Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring energy security and work together to fight terrorism.
"Today, I will focus on the three major challenges. First is the instability and downfall in the global economy. Unilateralism and competitiveness are overshadowing the rule-based mutilateral global trade systems.....Deficiency of resources, there is a shortfall of almost USD 1.3 trillion investment in the infrastructure,” he said.
The second one is to make development sustainable and all-inclusive. Fast changing technologies like digitalisation and climate change pose a challenge to the current as well as future generations, Modi said. Development is worthwhile only when it reduces inequality and contribute in empowerment, he said.
The prime minister, who is in Osaka for the G20 Summit, congratulated Jair Bolsonaro on being elected as the President of Brazil and welcomed him in the BRICS (Brazil, Russia, India, China and South Africa) family. He also congratulated Cyril Ramaphosa on his election as the President of South Africa as the BRICS leaders met on the sidelines of the G20 Summit Osaka.
(With PTI inputs)