Describing terrorism as the biggest threat to humanity, Prime Minister Narendra Modi Friday said the scourge not only kills innocents but also severely affects the economic development and social stability.
Speaking at the informal BRICS leaders' meeting in Osaka on the sidelines of the G20 summit, Modi said that there is a need to stop all the mediums of support to terrorism and racism.
"Terrorism is the biggest threat to humanity. It not only kills innocents but also severely affects the economic development and social stability," he said.
On terrorism, Prime Minister Modi said it is a global challenge and must be collectively fought by the international community, Foreign Secretary Vijay Gokhale told a reporters.
On the deliberations of the BRICS leaders, Gokhale said they also discussed multilateral challenges and emphasised that these should be dealt with through the established institutions, instead of "unilateralism".
Chinese President Xi Jinping and Russian President Vladimir Putin were present.
The Prime Minister also congratulated Jair Bolsonaro on being elected as the President of Brazil and welcomed him in the BRICS family.
He also congratulated Cyril Ramaphosa on his election as the President of South Africa as the BRICS (Brazil, Russia, India, China and South Africa) leaders met.
In his remarks, Modi spoke about strengthening the World Trade Organisation, fighting protectionism, ensuring energy security and the need to 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.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
