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The major achievement of the recent BRICS Summit was the decision to create the long-awaited (BRICS) New Development Bank. The bank can be seen as a growing influence of the BRICS which together represents 18% of the World trade and accounts for 40% of the global population with a combined GDP of $ 24 trillion.
The expansion of BRICS in 2023 has infused a new energy into the grouping. Despite certain rivalries, BRICS members still largely tend towards cooperation on issues of development and economic growth. The grouping now accounts for 40 percent of global trade. This report explores areas of cooperation for BRICS members in the domains of trade and investment. It identifies vulnerabilities in current supply chains, including connectivity, scarce raw
वैश्विक आबादी में 40 फ़ीसदी तथा विश्व के वन क्षेत्र में पर्याप्त हिस्सेदारी के साथ BRICS+ ब्लॉक जलवायु-संबंधित स्वास्थ्य चुनौतियों का जवाबर तैयार करने में अहम भूमिका अदा कर सकत�
Ambitious expansion meets internal divisions as the bloc strives to redefine global power dynamics.
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.
An era of Taliban rule, followed by the 18-year-long war between the United States and the Taliban, has left Afghanistan in massive disorder: the country’s infrastructure is dilapidated, the quality of life is poor, and basic amenities such as healthcare are absent. While the post-Taliban Government of Afghanistan has tried to rebuild the healthcare system, it remains largely dependent on foreign aid. Over the years, India has tried to help reb
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 macro-economic situation at this point of time is indisputably negative and the Budget for 2013-14 should set realistic spending allocations with the aim to reduce the fiscal deficit to sustainable levels.
The focus on delivery of various schemes is missing in this budget. Each year, public money is being poured into them, but things remain the same unless there are dynamic state ministers monitoring everything. Some provision for effective monitoring should have made in budget 2013-14.
The revenue from the Central Goods and Services Tax remains significantly below the target of Rs 6 trillion.
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 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.
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.
India’s power sector requires sustained efforts to achieve the power generating capacity target of approximately 1.2 terawatts by 2047. It needs such capacity to meet the demands of economic growth and achieve the Sustainable Development Goal 7 of providing universal electricity access. At the same time, the country also needs to reduce its greenhouse gas emissions to meet commitments to global climate action agreements. This paper revi
In July 2024, United States (US) President Joe Biden signed into law a bill espousing the Tibetan people’s right to self-determination. The spirit of this law, ‘Promoting a Resolution to the Tibet-China Dispute Act’, stands in contrast to historical US recognition of Tibet as a part of China. This brief examines the evolution of US policy towards Tibet, beginning in the 1950s when its primary concern was the alleged human rights violations
India’s February 26 attack can be seen as more of a signalling of intent than a counter-terror operation
The essence of any democratic system is the healthy functioning of political parties and consequently free and fair elections. Free and fair elections imply not only a legal institutional framework for the conduct of elections and a transparent electoral process.
ASEAN and India will need to adopt a more inclusive and pragmatic approach towards Myanmar — one that involves all key stakeholders
The elections in Sweden are maybe a last reminder that the EU needs to renew its foundational narrative.
Cooperative federalism must be maintained as an immutable Indian agenda.
Despite New Delhi’s continued hopes and some encouraging signs, significant challenges remain.
A VERY recent multiauthored paper titled ‘Mapping the world’s free-flowing rivers’ has been published in the journal Nature.
Despite India’s recent seeking of friendlier ties with Beijing, the future prospects for relations remain uncertain.
Dealing with Dragon: Four wavering democracies are trying to take on a determined power
2004 is a significant year for Europe. In May of this year, the European Union (EU) will induct ten new members, eight of which were part of the former Communist regime of the Soviet Union. While four of these East European states (Poland, Hungary, the Czech Republic and Slovakia) are struggling with mounting budget deficits and contemplating awkward spending cuts, France and Germany (the dominant European powers) are immersed in a deep economic
More than the Pakistani elections of 2018, it is the Indian General Elections 2019 that could see some movement on the Indo-Pak track, if at all.
The Nepalese government¿s offer of surrender and rehabilitation to Maoist insurgents¿announced by Foreign Minister Kamal Thapa on December 18, 2003¿¿whose deadline concluded on the eve of the eighth anniversary of the Maoist ¿People¿s War¿, on February 12, 2004, has met with partial success.
Trump Tantrum: US sanctions on Iran threaten to hit India’s strategic interests in West Asia
Accountability is needed for both past and present regimes
The media in India enjoys a great deal of freedom and when it is threatened, the response is vociferous. Nevertheless, there is the need to maintain a balance between free expression and other community and individual rights; this responsibility should not be borne by the judiciary alone, but by all those who enjoy these rights.
The BRICS is growing more relevant and increasingly institutionalised. Economic growth rates continue to outpace the rest of the developing world. According to the UNDP, Brazil, China and India's combined GDP will be greater than the combined GDP of the US, the UK, Canada, France, Germany and Italy by 2020.
In two sets of visits to the Central Asian region in 2013 and 2014, Xi Jinping set a scorching pace for Modi to follow. Unfortunately for India, even a super-star Prime Minister cannot do the impossible. He lacks the vast investible resources that China has already deployed and is deploying in the region.
When Dr. Hassan Rouhani takes charge as the new President of the Iranian republic on 4th August 2013, there are two most important challenges before him -- the mismanaged economy and the intractable nuclear negotiations that seem to have hit a road block.
While the issues are tricky for the UK, the EU is also in a difficult position with the wider EU under stress.
The electoral system of India has flaws and there is an 'anti-democratic conspiracy of silence' to hide it, Uttar Pradesh Congress Committee chief Mr. Salman Khurshid said during a talk on 'Has the Indian Electoral System Failed?' organized by the ORF Mumbai chapter of Observer Research Foundation on January 24,
Abstract India is aiming for an eightfold increase in its share of the global space economy by 2047. The Indian ‘sunrise’ commercial space sector is benefiting from the government’s reforms, though gaps remain. The exact size of India’s domestic space economy is unknown, and the export promotion strategy for the space sector is unclear. This brief outlines three recommendations in parallel with the articulation of India’s National Sp
The collapse of an under-construction 11-storey building in Chennai which claimed 42 lives should serve as a wake-up call for the housing sector to have a regulatory mechanism for the construction industry.
The collapse of an under-construction 11-storey building in Chennai which claimed 42 lives should serve as a wake-up call for the housing sector to have a regulatory mechanism for the construction industry.