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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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Panasonic Launches New Smartphone in India

"Eluga Ray 530" is available for purchase in black and blue colour variants on various online platforms

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Panasonic adds new smartphone to 'Eluga' series. IANS

Expanding its “Eluga” series with “Big View” display, Panasonic on Wednesday launched “Ray 530” smartphone for Rs 8,999 in India.

The dual-SIM smartphone comes with a 5.7-inch HD+ display, 3GB RAM, 32GB internal storage and face unlock feature.

The device also comes with Panasonic’s trademark Artificial Intelligence (AI)-enabled assistant — Arbo Hub.

Panasonic
The dual-SIM smartphone comes with a 5.7-inch HD+ display, 3GB RAM, 32GB internal storage and face unlock feature. (IANS)

“The ‘Eluga Ray 530’ is a performance powerhouse that offers exceptional features such as high definition display, stylish looks, and the AI – Arbo Hub – our one stop app to make life easier,” said Pankaj Rana, Business Head, Mobility Division, Panasonic India.

Running on Android Oreo 8.0, powered by 1.3 GHz Quad-Core Processor and 3000 mAh battery, the device features a 13MP rear camera with auto focus (AF) and a 5MP selfie shooter with flash.

Also Read- Apple Gets A Second Patent For Its Fold-able Phone

“Eluga Ray 530” is available for purchase in black and blue colour variants on various online platforms. (IANS)

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