India must carry on structural reforms, the finance minister said.
Gates was referring to the impact of the United Nation's Millennium Development Goals, especially about the goal to reduce child mortality.
The world is becoming "ungovernable" as the economy has become global while governments continue to remain "national", Israeli President Shimon Peres said.
"I'm short the dollar," Gates, chairman of Microsoft, said in an interview at the World Economic Forum in Davos, Switzerland.
The cost of living crisis is the biggest short-term risk the world is facing, while the failure of climate mitigation and climate adaptation is the largest long-term concern, the World Economic Forum said on Wednesday. Releasing its annual Global Risks report in London ahead of its Davos summit next week, the WEF also said geopolitical rivalries and inward-looking stances will heighten economic constraints and further exacerbate both short- and long-term risks. The Global Risks 2023 report, drawing on views of over 1,200 experts, policy-makers and industry leaders from across the world, also urged countries to work together to avoid 'resource rivalries'.
US is not going to do the kind of sequential taper that was hinted in May, said FM.
Chidambaram said this when he was asked by Financial Times Editor Lionel Barber on what he would he like to do beyond politics.
Sustaining 8-10 per cent growth will require lots of partnerships and some innovation says Lee Howell of the World Economic Forum.
They are sceptical about execution of recent reforms govt has announced.
The general election could be held sometime after the passage of the federal budget, Gilani indicated during an interaction with Pakistani journalists on Sunday night following his return from Davos, Switzerland, where he attended the World Economic Forum.
Pakistan Prime Minister Yousuf Raza Gilani has lauded his Indian counterpart Manmohan Singh, describing him as a "genuine person" who is keen to resolve all bilateral issues.
According to the minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.
India and China continued to grow at reasonable rates even when several developed countries witnessed economic contraction.
India's economic growth slipped to 6.7 per cent in '09, mainly on account of the impact of the global financial meltdown that started in the US in 2008.
A suspected suicide bomber triggered explosives at Moscow's busiest international airport on Monday killing at least 35 people and leaving 130 injured, in the first major terror attack in less than a year.
An annual survey by Gallup International rated PM Modi behind German Chancellor Angela Merkel, followed by French president Emmanuel Macron.
Nath, who is leading the Indian delegation at the annual World Economic Forum meeting in Davos, also said that even the US or Europe would not have seen as many reforms that happened in India.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
Tata Consultancy Services (TCS), the country's largest information technology (IT) services provider, has planned to launch what it terms 'SME Cloud' in a fortnight. Under which, it would provide hosted services for enterprises having a Rs 50-500 crore turnover.
As the West realizes that globalisation has pauperised governments, left its society in disarray and its currency weak, there is a huge re-think there about the very idea of globalisation.
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
Cricketer-turned-politician Imran Khan, who is drawing massive crowds in his country, has declared that "army's days are over" in Pakistan and vowed to have "best relations" with India.
Tata Consultancy Services (TCS) Vice Chairman S Ramadorai has been appointed advisor to Prime Minister Manomhan Singh on skill development. Ramadorai will enjoy the rank equivalent to a cabinet minister.
The meeting, convened by Switzerland, will take place on the sidelines of the annual World Economic Forum meeting.
If the government has its way, the catchy 'Incredible India' tourism campaigns will be spotted in big ticket events like Oscar and Grammy awards.
Pakistan President Pervez Musharraf returned to Islamabad on Tuesday from a four-nation visit to Europe during which he attempted to shore up support for his controversial regime.
The Hinduja Group chairman, who was in Davos to participate in the World Economic Forum, however, noted that the incident might not have much impact on the reputation of India Inc in the eyes of foreigners, who are more used to such scams. Raju's confession not only shocked India Inc, but investors all over the world. Such type of wrongdoings are more prevalent in the western world and foreigners are used to this kind of happenings, Hinduja said.
DiPiazza's visit coincides with Price Waterhouse suspending two of its partners -- S Goplakrishnan and Srinivas Talluri -- who worked on the accounts of scam-hit Satyam Computer Services and were arrested last week.
The Congress had on Thursday targeted Modi for the presence of Punjab National Bank fraud accused jewellery designer Nirav Modi in an Indian business delegation at the World Economic Forum in Davos.
Describing the third quarterly performance of the bank as 'very positive', ICICI Bank managing director and CEO Chanda Kochhar said on Monday the bank has emerged stronger on all parameters recording an operating profit of 22 per cent minus treasury income.
The RBI, in its third quarter monetary policy review, raised by 75 basis points (to 5.75 per cent) the mandatory deposits banks need to park with the apex bank to tame inflation. The move is likely to suck Rs 36,000 crore (Rs 360 billion) out from the system.
Infosys CEO Kris Gopalakrishnan has called for enhanced efforts to ensure adequate funds for the small and medium industries as the sector has a crucial role in creating jobs and promoting growth.
A decision on the next meeting of political parties on the Telangana issue to hear their final views will be taken in the next few days, Home Minister P Chidambaram said.
State Bank of India Chairman O P Bhatt says the bank did differ with the Reserve Bank of India's views on a host of issues, but it was unfair to blame the country's largest bank for taking care of the interests of the aam aadmi (common man).
India has exuded optimism that it would continue to maintain economic growth rate of 7-7.5 per cent next fiscal, the same level it is expected to register in the current fiscal, even as its neighbour China termed its lower growth projection of 8 per cent in 2009 as a tall order.
There are several major imponderables in the world economy, which could lead to financial instability.
