Former president A P J
Abdul Kalam on Thursday asked students to work towards establishing
a societal grid comprising the sectors of knowledge, health,
e-governance for accelerating economic
growth of the country.
The International Monetary Fund
on Thursday said Indian economy will grow by 6.75 per cent this
fiscal and return to its pre-crisis level of 8 per cent next
year even if the developed world remains sluggish.
US President Barack Obama declared in his State of the Union address that the worst of the economic storm had passed, but that a trail of devastation was left behind. Obama said his administration`s early actions last year had staved off a repeat of the 1930s Great Depression, he said, "And one year later, the worst of the storm has passed, but the devastation remains."
Japan`s economy grew at the
fastest pace in two and a half years in the third quarter of
2009, smashing market forecasts and extending a recovery from
the worst downturn in decades, data showed on Monday.
India may not achieve its growth target of nine percent during the 11th Five-Year Plan period as the economic slowdown and drought are likely to take their toll, a senior Planning Commission member said.
President Barack Obama said on Saturday that reports the economy is growing again and that more than 1 million jobs were saved or created by his stimulus plan show "we are moving in the right direction."