Thursday June 27, 2019
Home Business India on path...

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

0
//

_RUPEE_1317441f

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.

Next Story

South Korean Conglomerate LG Announces 3 Smartphones for Indian Market

LG W30 Pro features a 6.21-inch HD+ display with a 19:9 aspect ratio. The phone runs Android 9 Pie and is powered by the octa-core Snapdragon 632 SoC, paired with 4GB of RAM. There is also 64GB of onboard storage that is expandable via microSD card

0
LG
LG logo. Wikimedia Commons

South Korean conglomerate LG on Wednesday announced three smartphones in its “W-series” — the LG W30, the LG W30 Pro and the LG W10 — for the Indian market.

The LG W10 comes with a price tag of Rs 8,999, LG W30 is priced at Rs 9,999 while LG W30 Pro would arrive soon in India.

“Today is a significant day for us at LG as we add three new smartphones to our product portfolio that are made in India. LG has always believed in bringing customized innovations that offers need-based propositions”, Ki Wan Kim, Managing Director, LG Electronics India said in a statement.

The LG W30 features a 6.26-inch HD+ display while W10 is equipped with a 6.19-inch HD+ display.

Both the smartphones are powered by the MediaTek Helio P22 processor along with 3GB of RAM and 32GB of internal storage.

LG
LG unveiled V40 ThinQ with 5 cameras few months back. Flickr

The W30 is equipped with a triple-camera setup. The phone comes with a combination of a 12MP primary low light sensor, 13MP wide-angle lens and a 2MP depth sensor. For the front, there is a 16MP selfie shooter.

The LG W10 is equipped with a dual-camera setup with a combination 13MP primary lens and a 5MP secondary shooter. For the front, it houses an 8MP selfie shooter.

Both the smartphones run on Android 9.0 Pie and both of them are equipped with a 4,000mAh battery.

Also Read: Google Maps to Alert Indians if Cab Drivers Deviate From Route

LG W30 Pro features a 6.21-inch HD+ display with a 19:9 aspect ratio. The phone runs Android 9 Pie and is powered by the octa-core Snapdragon 632 SoC, paired with 4GB of RAM. There is also 64GB of onboard storage that is expandable via microSD card.

The phone has a triple rear camera setup that comprises a 13MP primary sensor, 5MP secondary sensor, and an 8MP tertiary sensor. There is also a 16MP selfie camera at the front. (IANS)