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India on path of becoming one of the world’s fastest growing economies: IMF

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By NewsGram Staff Writer

International Monetary Fund (IMF) in its latest economic health-checkup has declared that India’s growth rate is expected to rise to 7.5 per cent in 2015 and 2016, making it one of the fastest growing economies in the world.

IMF’s Regional Economic Outlook for Asia and the Pacific mentioned that China’s economy is decelerating to a more sustainable rate – 6.8 per cent GDP growth in 2015, and 6.3 per cent in 2016.

The report, which was released on Thursday, also stated that Asia and the Pacific will grow to surpass the rest of the world, and their growth is projected to remain stable at 5.6 per cent in 2015, slackening a little to 5.5 per cent in 2016.

It is also anticipated that growth will be driven by domestic demand, derived by healthy labor markets, low interest rates, and the latest dip in oil prices.

Asia’s exports will be supported by the global recovery, states the report.

The IMF’s Regional Economic Outlook reasons for a firm push for structural modification across most, if not all, economies in the region.

The report declares that chief reform areas include actions to tackle supply-tailbacks in India, state-owned enterprises, and financial liberalization in China.

“Measures should be taken to raise services productivity, and labor force involvement in Japan”, the report says.

IMF also noted that lower oil prices have given a chance to carry out further economic reforms intended to lower energy subsidies. The report said that the actions have been taken in a number of countries, including India, Indonesia and Malaysia.

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itel Launches First Dual Camera Smartphone in India

itel "A62" is powered by 3000mAh battery and is equipped with 2GB RAM and 16GB internal storage that can be expanded up to 128GB

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The smartphone is equipped with a 5MP selfie camera with flash and 13.0MP+VGA dual rear-camera. (IANS)

China-based Transsion Holdings’ itel Mobile on Tuesday launched its first dual rear camera smartphone “A62” in India for Rs 7,499.

The latest addition to the company’s line-up of 4G smartphones comes with face unlock, fingerprint sensor, bike mode and dual rear camera set-up.

The smartphone is equipped with a 5MP selfie camera with flash and 13.0MP+VGA dual rear-camera.

“Camera on a phone has seen maximum innovations and improvements. With this insight, we have launched our first dual rear camera smartphone — ‘A62’, with full screen and multiple value added features,” Goldee Patnaik, Head of Marketing, itel Business Unit, said in a statement.

Also Read: itel Extends Partnership With Airtel

The device has a an 8.1-mm body with a full laminated body and thin bezels.

Running on the latest Android 8.1 Oreo OS, the smartphone powered by 1.3 GHz processor, a 5.65-inch HD+ IPS full view display with 18:9 aspect ratio.

itel “A62” is powered by 3000mAh battery and is equipped with 2GB RAM and 16GB internal storage that can be expanded up to 128GB. (IANS)

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