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Moody’s projects GDP growth between 5-6 percent in 2015

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9 years ago

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New Delhi: India’s gross domestic product (GDP) is estimated to grow next year in the range of 5-6 percent on the back of stronger domestic demand, ratings agency Moody’s said Wednesday.

“India will have stronger GDP growth in 2015, which we forecast at 5-6 percent, up from around 5 percent in 2014,” Moody’s said in their report titled 2015 Outlook – Global Credit Conditions.

The American agency said the country has benefited from a strong domestic demand base and diversified export markets that cushion it from the effects of a slowing Chinese economy and sluggish growth in growth-rate_505_061114100211Europe and Japan.

“Employment and consumption are likely to rise in India, and the fall in global commodity prices will help to lower high inflation in the country,” it added.

Growth in the earlier two consecutive fiscals has fallen below the 5 percent level.

Moody’s also said its outlook on the banking system remains negative as it expects poor asset quality to require continued provisioning and strengthened capital buffers.

“Our outlook for the Indian banking system remains negative, reflecting high leverage in the corporate sector that will inhibit any meaningful recovery in asset quality, notwithstanding a moderate rebound in economic growth,” the report said.

The percentage of gross non-performing assets (GNPAs) for the banking sector is expected to worsen from 3.9 percent of advances in fiscal 2013-14 to about 4-4.2 percent in 2014-15, ICRA has said in a report earlier.

“Overall, the Gross NPAs of the banking sector (public sector banks + private banks) could be at 4-4.2 percent as in March 2015, as against 3.9 percent as in March 2014 and 4.0 percent as in June 2014,” the report said, analyzing the performance of the 26 state-run and 15 private banks for the first quarter ended-June.

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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