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India projected to grow fastest among emerging nations

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New Delhi: India is projected to grow at 7.5 percent in 2016 and 2017 fiscal as China slows to 6.3 percent in 2016 and 6.0 percent in 2017, according to the International Monetary Fund(IMF).

The slower pace of China’s growth primarily reflects weaker investment growth as the economy continues to rebalance, the International Monetary Fund said in its January update of the World Economic Outlook (WEO).

India and the rest of emerging Asia are generally projected to continue growing at a robust pace, although with some countries facing strong headwinds from China’s economic rebalancing and global manufacturing weakness.

Growth prospects in parts of Asia have diminished somewhat as a result of the unexpectedly big external spillovers from China’s growth transition, the WEO said.

In contrast, India. A major net commodity importer, continues to grow at the fastest pace among emerging economies.

Growth forecasts for most emerging market and developing economies reveal a slower pick up than previously predicted.

Still, growth is projected to increase from 4 percent in 2015-the lowest rate in the 2008-09 financial crisis to 4.3 and 4.7 percent in 2016 and 2017 respectively.

Global growth, currently estimated at 3.1 percent in 2016 and 3.6 percent in 2017 with growth in advanced economies projected to rise by 0.2 percentage point in 2016 to 2.1 percent and hold steady in 2017.

The pickup in global activity is projected to be more gradual than in the October 2015 WEO, especially in emerging market and developing economies.

In advanced economies, a modest and uneven recovery is expected to continue, with a gradual further narrowing of output gaps.

Risks to the global outlook remain titled to the downside and relate to ongoing adjustments in the global economy: a generalized slowdown in emerging market economies, China’s rebalancing, lower commodity prices, and the gradual exit from extraordinary accommodative monetary conditions in the Unites States.

If these key challenges are not successfully managed, global growth could be derailed, the WEO warned.

In the emerging market and developing economies and, policymakers need to manage vulnerabilities and rebuild resilience against potential shocks while lifting growth and ensuring continued convergence toward advanced income levels , the WEO suggested.(IANS)

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Samsung Unveils its Latest Processor For Mid-ranged Smartphones in India

The processor is currently in mass production and is expected to soon be part of Samsung's next mid-ranged smartphone

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Samsung, speaker
Samsung files new patent application for 3D displays.

Samsung on Monday announced its latest processor for mid-ranged smartphones — Exynos 7 Series 7904 — with enhanced multimedia support and high-end features, customized especially for India.

The processor delivers fast octa-core performance required for nimble web browsing, quick app launching and smooth multitasking while consuming less power, the company said in a statement.

“Exynos 7 Series 7904 will enable advanced mobile experiences in a broader range of devices with triple-camera support, powerful performance and connectivity,” said Rajeev Sethi, Senior Director and Head of sales and marketing, device solutions, Samsung India.

Built on a 14nm process, the processor is equipped with two Cortex-A73 cores that run at 1.8GHz and six Cortex-A53 cores at 1.6 GHz.

Samsung
Samsung.

“With-A73 as a ‘big-core’ Exynos 7904 delivers fast single-core performance and the embedded LTE modem supports Cat.12 3-carrier aggregation (CA) for 600Mbps downlink speed,” the company added.

The image signal processor (ISP) of Exynos 7 Series 7904 features single-camera resolution of up to 32MP and an advanced triple-camera setup.

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Additionlly, it also comes with support for faster Full High Definition (FHD) at 120 frames-per-second (fps) or Ultra High Definition (UHD) at 30fps of video playback along wth FHD+ display for vivid mobile entertainment, the company said.

The processor is currently in mass production and is expected to soon be part of Samsung’s next mid-ranged smartphone. (IANS)