Shanghai_pudong Courtesy: Wikipedia
7 July 2015

Ideas for the NDB’s institutional design

The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure

AAP victory_2 Courtesy: rediff.com
13 February 2015

AAP, Occupy and the Arab Spring

There is an emerging consensus among scholars and political analysts across the world that the 20th century advances in building democratic systems have run their course. It is in this context that AAP’s rapid rise to power might serve as a light-house of global significance—a beacon that guides others seeking to take democracy to a higher level and warns of treacherous rocks

Policy Perspectives
India-Africa Courtesy: MEA/Government of India
9 January 2015

Indian banks in Africa: change agents

India’s engagement with Africa currently is trapped in a discourse from another era. With a change in governance structures and demographics, African countries are keen to elevate the level of trade and investment ties. India is in an advantageous position due to historical linkages but China and the U.S. are already ahead in the game

Mumbai Courtesy: wikimedia
7 November 2014

BRICS headquarters in Mumbai

Globally, metropolitan cities are becoming powerful centres that sustain entire countries. In the case of Mumbai, the government can work backwards by stitching the infrastructure and governance together. The tried-and-tested technique is to host an international institution or event. Gateway House argues that Mumbai is most appropriate to be home to the headquarters of BRICS

BRICS leaders at summit_210x140 Courtesy: MEA/Government of India
30 July 2014

Realising the potential of the BRICS

Looking back at the 2008 financial crisis, when governments had to resort to bail-outs to keep economies afloat, the BRICS member countries have decided to set up a New Development Bank which will provide for a contingency fund. This initiative aims at building an alternate financial structure in terms of trade among the member states as well as creating a safety net

Modi at BRICS_210x140 Courtesy: MEA/Government of India
18 July 2014

Incubating a non-dollar architecture

The launch of the BRICS bank can now give the member countries confidence to experiment with other geoeconomic ambitions. Incubating a non-dollar financial architecture can be the next goal. There are existing models to build upon but India will need smart economic diplomacy to secure its interests