In the last seven decades since independence, successive prime ministers have ushered in changes in India’s foreign policy in response to shifting global geopolitical dynamics, aggregating transformation in bilateral relations. This overview places the past against the changes being brought in by Prime Minister Narendra Modi, a more forceful foreign policy practitioner than his predecessors
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Perhaps South Block did not gain as much as it had hoped to: there was a gulf in member states’ perceptions. One takeaway, therefore, for policy makers was that while noise has its uses, it is now time for some quiet diplomacy
This infographic seeks to trace the evolution of BRICS from O’Neill’s original vision to its current form, while illustrating how intra-BRICS trade has evolved over the past 15 years.
The recent inauguration of the New Development Bank in Shanghai has made that city a focal point of international financial transactions between the five BRICS countries. This occasions revisiting some of the ways in which Bombay has been historically linked to it
The recent BRICS summit and BIMSTEC outreach highlighted some laudable maritime endeavours linking geographically distant, emerging economies within the grouping. The BIMSTEC platform is also crucial to India's efforts to create a peaceful Bay of Bengal community through economic and cultural linkages.
Sanusha Naidu, Research Associate at the Institute for Global Dialogue, Pretoria, explains why the BRICS grouping should not be expanded but the New Development Bank(NDB) is the ideal vehicle to include other developing countries
The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India
From the Indian perspective, how China manages the readjustment of its economy and how secure South Asia remains, will be two major determinants that will influence world affairs in 2015. Gateway House has developed four scenarios to explain the outcomes that will ensue, starting 2015, when these two determinants intersect.
Financial analysts tout the potential of emerging economies for growth and wealth creation. While progress cannot be denied, the physical, institutional and financial infrastructures of many nations remain relatively weak and citizens, investors and governments need to be wary of investment deficits in critical infrastructure
The establishment of the New Development Bank at the 6th BRICS Summit in Brazil has long-term implications for global order and development. Ultimately the success of the NDB will be about efficiency rather than a struggle between liberal vs. alternative economic philosophies.