Major developing economies, most notably China, drove 2010’s economic recovery and are expected to dominate economic growth in coming years. In 2010, China surpassed Germany to become the world’s second-largest economy. This year, China’s economy is expected to grow 8.7%, according to the World Bank’s January forecast. The World Bank forecasts developing countries’ real GDP […]

India’s proposed fiscal 2011–2012 (April 1, 2011–March 31, 2012) general budget, announced February 28, shows an ongoing commitment to science and technology funding. The government expects to pass the final budget by March 24. The budget involves both Plan and Non-Plan expenditure. Plan spending is the Ministries’ spending outlined in the country’s 11th Five-Year Plan […]