In the near term, the key driver will still be the government's fiscal spending.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
No-Punchline humour reminds us how in our daily lives, we all are by turns 'The Corrupt Politician we criticise,' 'The Chauvinist Male we frown upon,' 'The Rule Breaker we deride through our Facebook posts,' 'The Communal Virus we so easily lampoon' and 'The Bad Artist we spoof.' In a land where the aforesaid prototypes are our major sources of 'funny,' is there an audience for the NPL kind of humour, asks Sreehari Nair.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
