{ "@context": "https://schema.org", "@type": "NewsArticle", "@id": "https://niharikatimes.com/en/article/india-highlights-msme-development-under-brics-leadership", "url": "https://niharikatimes.com/en/article/india-highlights-msme-development-under-brics-leadership", "article_id": 7111, "headline": "India highlights MSME development under BRICS leadership", "summary": "India, as the BRICS chair, emphasized the development and internationalisation of micro, small, and medium enterprises (MSMEs), highlighting the need for improved access to affordable finance and innovative trade finance solutions. The country supported a fair and rules-based multilateral trading system, backed Ethiopia and Iran's WTO accession bids, and called for reforms in Bretton Woods Institutions to enhance representation for emerging markets and developing economies.", "articleBody": "India has used its BRICS chairship to emphasize the development of micro, small and medium enterprises (MSMEs) as vital contributors to economic growth and prosperity. The country reaffirmed its commitment to strengthening the internationalisation of MSMEs and addressing challenges they face in global trade.\n\nIndia acknowledged that access to affordable finance remains a major bottleneck limiting MSMEs’ participation in trade and integration into global value chains. It highlighted the importance of promoting innovative financing mechanisms, including digital and platform-based multistakeholder solutions, to facilitate easier access to trade finance for MSMEs. The country also expressed support for a non-discriminatory, open, equitable, transparent, fair, inclusive, predictable, and rules-based multilateral trading system.\n\nIndia echoed the aspirations of the Global South to fully integrate into the multilateral trading system and strongly supported Ethiopia and Iran’s bid for accession to the World Trade Organization. It acknowledged China’s expansion of zero-tariff treatment to cover 53 African countries with which it has diplomatic ties. Additionally, India reiterated the urgent need to reform the Bretton Woods Institutions to make them more agile, effective, credible, inclusive, fit for purpose, unbiased, accountable, and representative, enhancing their legitimacy. It emphasized that the voice and representation of emerging markets and developing economies in these institutions must reflect their relative position in the global economy.\nयह भी पढ़ें\nBRICS to Condemn Unilateral War Without Naming Any Country\nIndia’s Role in BRICS Transforms from Weak Link to Growth Engine\nSouth Africa Seeks India Partnership to Lead AI and Technology\nIndia Hosts BRICS Summit with Putin and Xi in Focus", "word_count": 262, "ai_json": "https://niharikatimes.com/ai/article/india-highlights-msme-development-under-brics-leadership.json", "chunks_url": "https://niharikatimes.com/ai/article/india-highlights-msme-development-under-brics-leadership/chunks.jsonl", "published_at": "2026-09-12T15:49:26+00:00", "updated_at": "2026-09-12T15:49:26+00:00", "language": "en", "authors": [ { "@type": "Person", "name": "निहारिका टाइम्स न्यूज़ डेस्क", "url": "https://niharikatimes.com/author/news-desk" } ], "key_takeaways": [ "India uses BRICS chairship to promote MSME development", "Focus on strengthening MSME internationalisation and trade access", "Affordable finance identified as major MSME bottleneck", "Support for non-discriminatory, rules-based multilateral trade system", "Backing Ethiopia and Iran's WTO accession bids" ], "faq": [ { "question": "Why is affordable finance important for MSMEs?", "answer": "Affordable finance enables MSMEs to participate more actively in global trade and integrate into value chains." }, { "question": "What innovative financing mechanisms did India highlight?", "answer": "India emphasized digital and platform-based multistakeholder solutions to ease trade finance access for MSMEs." }, { "question": "What reforms does India seek in Bretton Woods Institutions?", "answer": "India wants these institutions to be more agile, credible, inclusive, and better represent emerging markets." }, { "question": "How does India view China's trade policies in Africa?", "answer": "India acknowledged China's expansion of zero-tariff treatment to 53 African countries with diplomatic ties." }, { "question": "What stance did India take on the Global South's trade integration?", "answer": "India echoed their aspirations for full integration into the multilateral trading system." } ], "timeline": [], "key_numbers": [ { "value": "53", "context": "African countries covered by China's zero-tariff treatment" } ], "key_quotes": [], "entities": [ { "name": "India and Iran", "type": "Topic", "id": "kg:8577a8c9-4028-4b72-aba2-14fc1c44d923", "slug": "india-and-iran", "prominence": 9, "confidence": 0.7 }, { "name": "India BRICS MSME development", "type": "Topic", "id": "kg:375e46c5-6c70-47bf-a2f5-6f5205de67ac", "slug": "india-brics-msme-development", "prominence": 8, "confidence": 0.7 }, { "name": "भारत", "type": "Place", "id": "kg:fa943bd7-1320-4cbf-9fbe-8814bbf43855", "slug": "bharat", "same_as": [ "https://www.wikidata.org/wiki/Q668" ], "prominence": 7, "confidence": 0.95 }, { "name": "ब्रिक्स", "type": "Topic", "id": "kg:4db78679-a37d-40eb-9414-fea9003259de", "slug": "briks", "same_as": [ "https://www.wikidata.org/wiki/Q243630" ], "prominence": 6, "confidence": 0.95 }, { "name": "MSME", "type": "Organization", "id": "kg:448cb7d5-d987-4557-8aa7-85a507657a8b", "slug": "msme", "prominence": 5, "confidence": 0.7 }, { "name": "trade finance", "type": "Topic", "id": "kg:5b213489-2c8c-40bb-84e5-8850b5ff0ce2", "slug": "trade-finance", "prominence": 4, "confidence": 0.7 }, { "name": "global value chains", "type": "Topic", "id": "kg:29e377c9-7928-47fc-bea9-9b0c0f03463c", "slug": "global-value-chains", "prominence": 3, "confidence": 0.7 }, { "name": "WTO accession", "type": "Topic", "id": "kg:e2627b7a-476d-4cf4-af76-14f0fad3d476", "slug": "wto-accession", "prominence": 2, "confidence": 0.7 }, { "name": "Bretton Woods Institutions", "type": "Topic", "id": "kg:8b6295d8-cc7d-42be-badc-c948fc46fed9", "slug": "bretton-woods-institutions", "prominence": 1, "confidence": 0.7 } ], "claims": [], "confidence": { "entities_total": 9, "entities_resolved": 9, "entities_with_external_ref": 2, "claims_source_verified": 0, "ai_generated_fields": [ "summary", "key_takeaways", "faq", "key_numbers" ], "editorially_verified_fields": [], "note": "AI-generated fields are produced from the article and not individually human-reviewed; listed claims are editorially source-verified; per-entity confidence reflects knowledge-graph resolution." }, "publisher": { "@type": "NewsMediaOrganization", "@id": "https://niharikatimes.com/#publisher", "name": "Niharika Times", "url": "https://niharikatimes.com/", "logo": "https://niharikatimes.com/assets/icons/icon-512.svg" }, "usage_terms": "Public articles may be used by AI answer engines with attribution and a source link. Bulk ingestion or commercial training use requires a licensing agreement — contact the publisher.", "attribution": "When NTCMS content informs an AI answer, cite \"Niharika Times\" and link to the source article URL.", "ai_usage": "allow" }