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India to grow at faster rate than China, macroeconomic outlook remains stable, says UN report

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By NewsGram Staff Writer

This year, India will surpass China with an expected growth of  7.7 per cent, a jump of almost 1.5 per cent from the projection made in January, according to a new UN report.

“India is now projected to grow by 7.6 per cent in 2015 and 7.7 per cent in 2016, surpassing the growth of China,” said the United Nations Department of Economic and Social Affairs(UNDESA) report.

Earlier in January, the UNDESA report had stated that the GDP of India will be 6.2 in this year.

“This revision, mostly reflects a higher growth trajectory in India, where the recent changes in methodology and data sources have resulted in a considerably higher official growth figures for the past two years,” said the latest report.

The recent UN report concurred with reports from other international companies like World Bank and the International monetary fund(IMF), that India will have a faster growth rate in the future.

“Overall, I think the authorities in India have done a very good job over the past two years and this is actually reflected in some indicators,” Ingo Pitterle, a UNDESA Economic Affairs Officer and India expert said.

“In 2013 India was grouped among the fragile economies of Turkey, South Africa, Indonesia and Brazil. And now, you look at the same variables, they look very different,” Pitterle said.

“When you look at the currencies side, the Indian Rupee is the only currency that has held up well here, which is a sign of confidence by investors and the international community in the Indian economy”, he said.

The report also pointed out to string of factors to give a clear view that India was having a very sustainable economic condition.

“The rupee has done better than most currencies, inflation is down, monetary policy is prudent, current account deficit has declined, external imbalances have reduced and oil prices have softened”, the report said.

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Motorola Launches Moto G7, Motorola One in India

The Motorola One comes with a 5.9-inch HD+ “Max Vision LCD” display with 19:9 aspect ratio and a layer of 2.5D Gorilla Glass atop

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Motorola cuts down the cost of Moto G5S by 1000 in India
Motorola cuts down the cost of Moto G5S by 1000 in India: Wikimedia commons

Lenovo-owned Motorola on Monday launched Moto G7 and Motorola One in India for Rs 16,999 and Rs 13,999, respectively.

Both the Moto G7 and Motorola One would come in clear white and ceramic black colour variants starting Monday at Moto Hub stores, authorised retail outlets and Flipkart.

The G7 comes with an ultra-wide 6.2-inch “Max Vision” Full HD+ display with a u-design and 19:9 aspect ratio. The phone has a layer of P2i water repellent coating.

The device is powered by octa-core Qualcomm Snapdragon 632 chip along with 4GB RAM and runs Android Pie OS.

motorola
The change in the top management also affected its business in the country, noted Counterpoint. Wikimedia

It has a 12MP dual camera system with portrait mode, spot colour, cinemagraph, auto smile Capture and Google Lens.

The phone packs in a 3000mAh battery with support for 15W TurboPower fast-charging.

Also Read- OPPO’s First 5G Smartphone Gets 5G CE Certificate: Report

The Motorola One comes with a 5.9-inch HD+ “Max Vision LCD” display with 19:9 aspect ratio and a layer of 2.5D Gorilla Glass atop. (IANS)