| inbluevt | Date: Tuesday, 2013/09/03, 0:29 AM | Message # 1 | DMCA |
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The Indian economy may be struggling with bringing its growth rate back to a higher curve and arresting a weakening rupee, but its potential still seems to have the world’s biggest economy on edge.
President Barack Obama issued a clarion call for wide-ranging reforms to ensure the US does not get left behind as emerging economies like India and China race ahead.
“If we don't make these investments and these reforms, then we might be waving the white flag to the rest of the world, because they're moving forward. They're not slowing down,” Obama said this week in one many campaign-style speeches focusing on the US economy.
He has put forward policy proposals to strengthen the middle class and stressed that the country needs to focus on creating good jobs, with good wages, in durable industries and areas that will fuel future growth.
The President urged the US Congress to create 45 manufacturing innovation institutes that connect businesses, universities and federal agencies to help communities left behind by global competition to become centres of hi-tech jobs.
His clear message for the manufacturing sector was: “I want it to made here in the United States of America. I don’t want that happening overseas.”
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Message edited by inbluevt - Tuesday, 2013/09/03, 0:30 AM |
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