News stories by Shyam Saran

NEW DELHI, Apr 06 (IPS) - It was in 2001 that the Chief Economist of Goldman Sachs, Jim O'Neill, coined the acronym, BRICs, to denote the special category of large emerging economies, which he predicted were destined to transform the structure of the global economy, through sustained growth in the twenty first century. According to him, the BRICs, namely, Brazil, Russia, India and China, which at the turn of the century accounted for 25% of global Gross domestic product (GDP), could double their share to 50%.

NEW DELHI, Jun 01 (IPS) - It has been apparent for some time that we are in the midst of a historic shift of the centre of gravity of the global economy from the trans-Atlantic to what is now becoming known as the Indo-Pacific.  

NEW DELHI, Jul 23 (IPS) - The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.

NEW DELHI, May 24 (IPS) - Even though there has been a broad political consensus over the major tenets of India's foreign policy across successive governments in the past, the assumption on May 26 of a BJP-led government in India will have some visible impact on external relations, precisely because of the prospects of a strong government at the centre and a decisive and charismatic leader at its head.

NEW DELHI, Jun 05 (IPS) - The global economy is awash with successive waves of liquidity generated over the past few years by the four most advanced economies, viz., the United States, the European Union, (EU), Japan and the United Kingdom, known as the G4. This liquidity has taken the form of "quantitative easing" (QE).

The Delhi Declaration and Action Plan adopted at the 4th BRICS Summit in New Delhi on March 29, 2012, would have quickly laid to rest any residual anxiety in Western capitals that a serious rival focus of power and influence was beginning to take shape in the Indian capital, writes Shyam Saran, former Foreign Secretary with the government of India.

Despite the loud rhetoric about how the centre of gravity of the global economy and, with it, political influence, have moved from the trans-Atlantic to Asia, there continues to be strong resistance to reflecting this shift in the institutions of global governance, writes Shyam Saran, India's former foreign secretary and chief climate change negotiator is currently Chairman of the Research and Information System for Developing Countries and Senior Fellow at the Centre for Policy Research in New Delhi.