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India noted to have the slowest internet speed in Asia

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Image source: www.digit.in

The global average internet connection speed increased 23 percent to 5.6 Mbps in the quarter ended December 2015 compared to the same period of 2014, a report said on Wednesday.

 The report “Fourth Quarter, 2015, State of the Internet Report” was released by Akamai Technologies, a global leader in content delivery network services.

“From a global perspective, the average connection speed increased 8.6 percent quarter-over-quarter (QoQ) and 23 percent year-over-year (YoY) to 5.6 Mbps, while the global average peak connection speed increased 1 percent QoQ, and increased 21 percent YoY to 32.5 Mbps,” it said.

South Korea had the highest average connection speed in Asia-Pacifi­c region at 26.7 Mbps, while India had the lowest at 2.8 Mbps.

“This quarter’s (October to December 2015) report shows great YoY growth in average connection speeds and overall broadband adoption,” said David Belson, editor of the report.

South Korea (95.3 Mbps) and Macao (83.1 Mbps) were the only countries/regions to post double-digit quarterly gains in average peak connection speed at 10 percent and 13 percent, respectively.

“This is particularly important as consumer expectations rise and many high-profile events, like the summer games in Rio, will be streamed this year.

“The progress we are seeing across our key metrics shows that, while there’s still work to be done, more parts of the world are increasingly able to support the delivery of broadcast-quality video content online,” he added.

The report also showed each of the top 10 countries/regions saw double-digit growth in 25 Mbps broadband adoption except Hong Kong, which posted a 9.8 percent change quarter-over-quarter. Norway and Denmark saw the greatest yearly gains, the report cited.

On a global basis, close to 70 percent of the countries/regions saw a QoQ increase in unique IPv4 address counts in the last three months of 2015, up 10 percent from the July-September period of 2015.

The report also pointed out that 43 countries/regions saw IPv4 address counts grow 10 percent or more in the quarter ended December 2015 while 13 saw counts decline 10 percent or more compared with the July-September quarter of 2015.

The report also showed Britain had the fastest average mobile connection speed at 26.8 Mbps with Spain in second place at 14 Mbps. Iran had the lowest average connection speed, at 1.3 Mbps, followed by Vietnam with an average connection speed of 1.8 Mbps.

Credits: HT

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Big reforms made India fastest growing major economies globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs big reform.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise. www.mapsofindia.com

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS

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