Saturday March 23, 2019
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India to be the third biggest economy by 2030



By Newsgram Staff Writer

Leaving the US behind, India will be ranked as the third most powerful economic country in the world by 2030.

According to the US Department of Agriculture’s latest macroeconomic projections, the US will see its decline in shares by 20 percent and will be left just as the global leader with $24.8 trillion in annual output of the country worth 25 percent of the world economy in 2006 and 23 percent in 2015.

Fifteen years from now, the US will be far less dominant, several emerging markets will go down and some of the largest European economies will be left behind.

“Among all the developing countries, India will be the bright spot in the global landscape. The country will have the largest workforce in the world within the next 15 years,” said the International Monetary Fund.

“There are lots of uncertainties as China growing at 4% or 6% is not making that mark where India’s growth at 3 percent or 8 percent makes a huge differences when you compound them over long periods of time,” said Bruce Kasman, JP Morgan’s chief economist.

Currently, India is at the eighth rank following Brazil, the United Kingdom, France, Germany and Japan in economy.

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Finland Probing Nokia Phones Sending Data to China

However, with neither China Telecom nor HMD Global able to tell who actually owns the server and receives the data, the plot thickens even further, according to the SlashGear

In line with the government's Digital India programme, Nokia on Wednesday launched a
Nokia to initiate Smartpur Village Program. Pixabay

Finland’s data protection watchdog is investigating Nokia phones’ owner HMD Global after reports claimed that its devices mysteriously sent data to Chinese servers.

“The probe follows a report by Norway’s public broadcaster NRK in which it claimed to have proof that Nokia phones are transmitting sensitive information to China based on a tip from a Nokia owner.

“The man in question, Henrik Austad, said he’d been monitoring the traffic from his Nokia 7 only to find it was sending unencrypted information to a Chinese server while switched on. The sensitive data included his location, as well as the SIM card number and the phone’s serial number,” the Engadget reported late on Thursday.

Nokia to cut jobs, says slow 5G progress not cause for layoffs.

The phone was sending unencrypted, readable data that easily identifies the phone (IMEI and MAC), its SIM and network connections.

Notably, whenever data is secretly being sent to a server in China, it leads to conspiracy theories. Even more so, when the domain for that server, in this a certain, is owned by China Telecom, one of the state-controlled network operators in the country.

Also Read- Russian Hackers Trying to Disrupt EU Polls

However, with neither China Telecom nor HMD Global able to tell who actually owns the server and receives the data, the plot thickens even further, according to the SlashGear. (IANS)

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