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UN estimates Indian economy to grow 7.3 percent this year

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8 years ago

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economyNew York:India’s economy is slowly gaining momentum and is projected to grow by 7.3 percent in 2016, a United Nations report said on Thursday.

“India’s economy is slowly gaining momentum, with an expected GDP growth of 7.3 and 7.5 percent in 2016 and 2017 respectively,” said the World Economic Situation and Prospect mid-2016 update released at the UN headquarters here.

“Despite some delays in domestic policy reforms and enduring fragilities in the banking system, investment demand is supported by the monetary easing cycle, rising FDI, and government efforts towards infrastructure investments and public-private partnerships,” it said.

Growth estimates for India in the mid-year update are in line with that made in the January report, which had said that the country will be the world’s fastest growing large economy at 7.3 percent in 2016, improving further to 7.5 percent in the following year.

The report also said that despite the instabilities and general weakness of the global economy, South Asia’s economic outlook remains favourable, with most countries benefiting from low oil prices.

The region’s GDP growth is projected to rise from 6.1 percent in 2015, to 6.6 this year and 6.8 percent in 2017 on the back of robust private consumption, strengthening investment demand and gradual progress on domestic policy reforms.

Instead, China, which grew at about 6.9 percent in 2015, will continue to witness slowdown in growth, with its GDP projected to grow 6.4 percent in 2016 and 6.5 percent in 2017, according to the report.

“A larger-than-expected slowdown in China would have widespread spill-over effects through trade, financial and commodity markets, while a further deterioration of commodity prices could trigger debt crises in certain commodity-dependent economies,” the report said.

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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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