New Delhi, Sept. 8 -- External Affairs Minister S Jaishankar on Monday called for promoting fair economic practices, noting that the world requires constructive and cooperative approaches to promote trade that is sustainable and that increasing barriers and complicating transactions will not help. He called for deeper economic cooperation among BRICS nations.

Addressing a virtual leaders' summit of the grouping, Jaishankar said that the world is seeking a stable and predictable environment for trade and investment flows and the objective of BRICS nations must be to "proof it against shocks" while building more "resilient, reliable, and shorter supply chains."

Some of India's biggest trade deficits are with BRICS members, said the Extern...