Pranab said there was a need to find ways to bring the economy back to higher growth path.
Global rating agency Standard & Poor's said it may downgrade India's sovereign rating.
The govt has scope to raise funds through asset sales of state-run firms,Ahluwalia said.
Disagreement between India and US over reduction in tariffs led to collapse of talks in Geneva.
Global airlines are likely to lose $9 bn this year as rising fuel create an unprecedented crisis.
The Union Budget for 2009-10 will reflect UPA Government's ambitious agenda like Rs three kg rice or wheat for BPL families,enlarging NREGA coverage and more focus on infrastructure to bring the economy on high growth.
Capital flows to India will almost double to $33.9 bn from an estimated $17.3 billion in 2008-09.
Montek Singh Ahluwalia is likely to remain Deputy Chairman of the Planning Commission,which will be constituted shortly.
The software industry will meet Finance Minister Pranab Mukherjee to put forward their demands for the sector.
India's communists will limit land acquisition for industry in their heartland state after voters anger.
The new Govt will revive economic growth and make it even more inclusive,PM elect said.
The confidence of service sector in BRIC countries has witnessed a sharp rise,KPMG says.
Inflation is expected to have fallen back at the start of May after rising in previous 3 weeks.
India will expand at 7-7.5 pct in current fiscal that began in April,a PlanComm member said.
Oil prices fell below USD 51 a barrel in Asia as investors clung to a month-long trading range amid uncertainty.
The rising risk that a global pandemic could snuff out frail signs of recovery in world economy.
Goldman said economic activity increased immediately after 5 elections out of 7 since 1984.
Global investors are expected to remain positive on India and bring $30 bn FDI into the country.
The annual inflation rate is forecast to have eased to just above zero in second week of April.
India's economic growth rate is expected to fall drastically to 3.4 per cent this year.
Enthused by stock market rally,a number of executives believe economy is on a recovery path.
Money is available through a $50 bn program to encourage mortgage servicers to ease terms.
Annual economic growth slowed to 6.1 per cent from 6.8 per cent in the fourth quarter of 2008.
Domestic air travel in the first three months of this year witnessed a sharp fall.
JSW Energy will invest Rs 5,000 crore in commissioning power projects worth 1,200 MW this financial year.