BRICS vital for advancing multilateralism: FM

NEW DELHI: BRICS is a vital platform for advancing inclusive multilateralism, especially when global institutions are facing a crisis of legitimacy and representation, FM Nirmala Sitharaman has said.Speaking at BRICS Finance Minister and Central Bank Governors (FMCBG) meeting in Rio de Janeiro, FM said India has demonstrated resilience through a combination of strong domestic demand, prudent macro management, and targeted fiscal measures.She 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, finance ministry said in a post on X.