New Delhi, March 20 -- External Affairs Minister S Jaishankar on Thursday said that we need to build reliable and resilient supply chains, as the world is passing through an uncertain and volatile period.

Addressing the 10th CII India-LAC Business Conclave, Jaishankar said, "We are passing through an uncertain and volatile period... We are all developing countries and, therefore, among those most impacted by the long-term consequences of the COVID pandemic."

"On top of that, the implications of the Ukraine conflict for food, fuel and fertiliser security have been additional stress points... The cost of borrowing, particularly for developing countries, has been exorbitant. This challenging backdrop is the reality that we must recognise a...