Connect with us

Business

Lower oil prices to spur economic growth in India: Moody’s

Published

10 years ago

on

moody's

Chennai: Global credit rating agency Moody’s Investors Service Wednesday said the lower oil prices is expected to alleviate India’s high inflation and spur economic growth.

Its research report “Global Macro Outlook 2015-16: Lower oil price fails to spur global growth” said India and the US stand out amongst some of the beneficiaries of lower oil prices.

“For India, high inflation has been one factor constraining growth in recent years, which the fall in oil prices will alleviate. This will provide tailwinds to already positive conditions,” Moody’s said.

According to Moody’s lower oil prices, which is expected to be sustained would in principle provide a significant boost to global growth.

Lower oil prices will weigh on net oil exporters’ growth. Among some net oil importers, a number of factors will offset the windfall income gains from the lower oil price, Moody’s said.

“There are some beneficiaries of lower oil prices; among the G20, the US and India stand out,” the report states.

Moody’s forecasts US GDP growth of 3.2 percent and 2.8 percent in 2015 and 2016 respectively, as the prevailing favourable economic environment will encourage consumers and companies to spend part of the gains in real incomes stemming from lower energy prices.

Related Topics:
Continue Reading

Business

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

Published

2 years ago

on

May 5, 2022

By

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.

Continue Reading

Trending