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" "Indian economy can withstand the world financial crisis better. This is due to: The liberalization process in India has checks and balances consistent with the unique social requirements of the country. The Indian banking system has always been conservative, which has prevented a crisis similar to that in the US and in Europe. The Indian psyche is generally savings-oriented and living within one’s means is a part of the Indian mindset. The 400-million-strong middle class, with its purchasing power, is providing economic stability to the nation.
Avul Pakir Jainulabdeen Abdul Kalam (15 October 1931 – 27 July 2015) was an Indian aerospace scientist who served as the 11th president of India from 2002 to 2007. He was born and raised in Rameswaram, Tamil Nadu and studied physics and aerospace engineering.
Biography information from Wikiquote
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