Om svasthiprajābhyah paripālayantām nyāyena mārgena mahīm mahiśah gobrāhmanebhyah śubhamastu nityam lokāh samastāh sukhinobhavanthu  

Om shantih shantih shantih 

May all be well with mankind. May the leaders of the earth protect in every way by keeping to the right path. May there be goodness for those who know the earth to be sacred. May all the worlds be happy. Peace, peace, peace.

—Interpretation by Sri K. Pattabhi Jois

This prayer is a form of metta - an expression of universal (for ALL, completely impartial) loving kindness.