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The Fortaleza summit will represent the reboot of BRICS. Prime Minister Modi has the biggest political mandate among his BRICS counterparts, and also the weight of the largest expectations.

The recent G-20 Summit in Los Cabos, Mexico, featured a pivotal change in the geopolitics of international finance. Emerging economies contributed billions to an emergency IMF (International Monetary Fund) fund designed to provide additional support to the Eurozone nations in case the debt crisis worsens.

The BRICS ship remains on course to sail steady, and is heading for more effective projects in years to come post the show of strength in Goa

Sino-Indian ties have been going downhill for the last few years. At the BRICS summit, India sought to re-engage Russia more substantively.

BRICS as an institution must nurture independent growth trajectories of member nations keeping their individual interest at the forefront.

New Delhi should also be aware that a US-China trade spat opens up new possibilities for India, both vis-à-vis Beijing and Washington, and it should not be hesitant to exploit them

Think tanks from five BRICS countries, participating in the 5th Academic Forum meeting in Durban, have announced the setting up of the BRICS Think Tanks Council (BTTC).

The unity and purpose of BRICS has been the target of speculation and scepticism from various quarters. With the Delhi Declaration, BRICS members have been able to assuage such doubts as they have begun to create a credible hedge against traditional global narratives of security and development.

China as the leader of the pack will use BRICS for control and dominance. The West will see this as a threat to existing arrangements and try to pull it down before it takes off. Indian presence will remain weak so long as our economic reforms and progress remain slow and our internal political and policy frameworks remain uncertain.

BRICS is an evolving process, and any exaggerated notion of it becoming a power bloc will be out of place. It might work towards "a multi-polar (or poly-centric) world", which a former Brazilian President had described as an important goal of BRICS, but in no sense it is a ganging-up against the US or the West.

BRICS mandate is under siege at a time of slowing economies and growing intra-BRICS political divergences. Above-all, it has been struggling to retain its relevance

Ambitious expansion meets internal divisions as the bloc strives to redefine global power dynamics.

The digital divide is a manifestation of exclusion, poverty and inequality and continues to be exacerbated due to the effects of unemployment, poorly functioning digital skilling programmes and socio-cultural norms in some economies, depriving women equal access to digital services. Digital skills provide the poor a catalyst to break out of the cycle of poverty and empower themselves. A three-pronged digital skills strategy is required for develo

The world is off-track in achieving the 2030 Sustainable Development Goals (SDGs), with financing gaps widening due to geopolitical shifts, rising debt, and the growing impacts of climate change. This brief offers a renewed framework to bridge the SDG financing gaps by strengthening domestic public finance, mobilising sector investments, and reforming the international financial architecture. It highlights the critical need for tax reforms, strat

India and Bangladesh relations got a new boost following Finance Minister Pranab Mukherjee's brief visit to Bangladesh recently, demonstrating New Delhi's keenness in enhancing bilateral relations.

The current gap in global adaptation finance for developing countries is estimated at US$194-366 billion per year. This brief highlights the critical role of domestic public funding in driving adaptation initiatives. While international climate finance mechanisms exist, their effectiveness is limited by slow disbursement processes and regional disparities in fund distribution. Public finance management systems can act as catalysts for mobilising

Samir Bhattacharya, Caroline Kathure Gatobu, and Raymond Onuoha, “Bridging the Gender Digital Divide: Africa’s Imperatives,” ORF Special Report No. 238, December 2024, Observer Research Foundation.

Any suggestion of a look west policy compels a comparison with India's much-celebrated Look East policy and presents us with a paradox. India's relationship with the Gulf is much denser than with Southeast Asia. Yet the Gulf does not resonate as much as Southeast Asia in Indian Foreign Policy discourse.

Whatever shape future talks between India and China takes, bilateral problems, including the border dispute, have taken more time than their people can wait, to address leave alone resolve them.

The 2nd session of the 11th National People's Congress (NPC) was held in Beijing from Mar 5-13, 2009, the first session after the onset of the global economic crisis

Sustainable magic requires that the magician remain credible.

This brief underlines the immense potential for increased cross-border trade, tourism, and people-to-people interactions between India and its Southeast Asian neighbours. In particular, it evaluates the importance of India–Thailand relations, emphasising the present state of the India–Myanmar–Thailand Trilateral Highway (IMT-TH). Although India and Thailand share a maritime boundary along India’s Andaman and Nicobar Islands and Th

The NBSA process needs to keep pace with the fists of fury that politicians are unleashing on each other. Particularly so as the level of unsubtantiated allegations is getting worse as we're getting closer to the General Elections 2014.

The recent India-Bangladesh border incident suggests a need to rethink the dialogue processes among the border guarding forces.

Spillovers from unconventional monetary policy in the AEs pose a systemic risk for emerging market economies (EMEs). Unconventional monetary policies to ensure cheap liquidity and easy credit conditions have been used not only in the US but in Europe as well as Japan.

The Finance Minister announced allocations for various sectors in the Budget. But these are a regular feature of every Budget. What was different in this Budget? Almost nothing except that there has been fiscal consolidation. Obviously, it is not going to satisfy the common man, farmers, industry or foreign investors.

The Modi Government's first real annual Budget is perhaps its most important test after flunking the Delhi Assembly examination. While businessmen will be watching it to gauge the intentions and determination of the Government to create a pro-business atmosphere, it will be equally eagerly watched by the armed forces community for its modernisation targets.

Structural issues like partial utilisation of allocated funds, slow implementation of projects, and short-staffing pose a major challenge to the successful implementation of the budget

The Finance Minister has chosen to walk the conservative path, hoping to stimulate investment and growth through small half-measures. Expect high rates of inflation in FY 13 and greater pressure on the fiscal deficit despite white paper on black money.

This was a budget without many surprises. Maybe we have evolved to being an economy, in which the budget is a mundane, technical exercise, of interest to economists and accountants, but of little immediate consequence for those who live in the real world.

While the coverage of Budgets in the media and research reports are mainly limited to high interest items like income-tax, sales tax, excise, inflation etc., the "Part A" of the budget, which is an indicator of government intention and priority, remains relatively under explored.

The accompanying politico-administrative changes apart, Elections-2004 has caused the mid-course review of the economic reforms, seeking to introduce the missing "human face", about which Prime Minister Manmohan Singh had begun talking about while in the Opposition.

Visiting Pakistani journalists informed a select gathering at Observer Research Foundation that the ongoing turmoil in their country was the result of a transition from military dictatorship to coalition politics in the democratic setup.

Most participants at an ORF conference on urban development and creation of 100 smart cities in India felt that creation of smart cities is an extremely challenging exercise and for this, careful planning and effective project implementation are required.

After years of conceiving the idea of Strategic Oil Reserve, the Indian government seems to be moving in the right direction in a resolute manner. Recent statements by both the Prime Minister and the Petroleum Minister about building strategic storage facilities to gear up the country to meet oil emergencies

Member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) continue to grapple with a host of security issues, including the burgeoning ISIS threat and the humanitarian crisis in Myanmar. In the recent months, the region has witnessed the immense social, political, economic and geo-strategic implications of terrorism and displacement. BIMSTEC’s counterterrorism initiatives must therefore be scr

New Delhi must take full advantage of the geopolitical opportunity that the Japanese connection offers us. As democracies, both India and Japan are open societies and committed to a liberal world order. Through visits and agreements, the two sides have now laid the infrastructure for their strategic partnership.

In terms of the existing institutional mechanisms, South Korea somewhat lags behind Japan, but one should remember that India-South Korea partnership is only about 40 years old and during this rather short period, what the two countries have achieved is quite remarkable.

The ORF-hosted BRICS Academic Forum's recommendations to the 4th BRICS Leaders Summit, to be held in New Delhi on March 29, seek to set the agendas for global governance reforms and sustainable development and map out a new geography of cooperation.

The seventh of the Sustainable Development Goals (SDGs) aims “to ensure access to affordable, reliable, sustainable and modern energy for all” by 2030. Such quest for energy security is echoed in subregional strategies as well; in the BIMSTEC region, it is a key priority. As the gap in electricity supply and demand increases in the countries of BIMSTEC, trans-border cooperation can help diversify energy sources, reduce the average cos

India’s medical devices sector is poised to grow from a US$11-billion industry to US$50 billion by 2030. This expansion, however, hinges on regulatory reform, investment in innovation, and improved accessibility. Historically governed by drugs-centric laws, India’s medical devices sector now falls under the purview of dedicated frameworks such as the Medical Devices Rules (2017). Yet it continues to face policy uncertainty, and there are pers

A major problem in developing connectivity projects has been the lack of higher direction. By virtue of being strategic, these tasks ought to be done in special quick time. But, more often than not, they end up mired in all kinds of problems. At the best of times inter-ministerial and centre-state coordination is poor.