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World Bank cuts India’s GDP growth forecast to 8.3% from 10.1% for 2021-’22

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World Bank cuts India’s GDP growth forecast to 8.3% from 10.1% for 2021-’22

The World Bank on Tuesday slashed India’s GDP (Gross Domestic Product) growth rate forecast for the fiscal year 2021-22 to 8.3 percent from 10.1 percent earlier. It has said that the most dangerous second wave of the Covid-19 epidemic has hurt economic revival. The lending multilateral institution has projected the economic growth rate to be 7.5 percent in 2022-23.

The World Bank, in a new edition of the report titled Global Economic Prospects, has said that India was witnessing a rapid revival in the second half of 2020-21, especially in the services sector, but the second wave of the Covid-19 pandemic affected it. have been adversely affected.

According to the institute, ‘India had the most severe wave of any country since the beginning of the epidemic and this adversely affected the economic revival.’ While there was an increase of 4 percent in 2019-20.

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According to the report, policy support, including higher expenditure on infrastructure, rural development and health, and a higher-than-expected revival in services and manufacturing will accelerate activities. In the estimates for the financial year 2021-22, the damage to the economy due to the second wave of Covid-19 and the restrictions imposed from March 2021 for its prevention has been taken into account.

“The pandemic will have an adverse impact on consumption and investment as confidence is already weak and books have been adversely affected,” the report said. The growth rate is expected to slow down to 7.5 percent in the financial year 2022-23. This reflects the cascading impact of COVID-19 on households, companies and banks’ books, weakening customer confidence and uncertainty in employment and income.

News Source: Scroll.in

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Our AI vision balances innovation and security: HP’s Vineet Gehani

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Our AI vision balances innovation and security: HP’s Vineet Gehani

HP is forecasting that AI PCs will make up one of every two PCs sold in India in the next couple of years. The dominant outlier in the PC market, HP, has been able to maintain its position due to quick reaction to market demands. The company has been focusing on creating a portfolio that appeals to both enterprises and consumers, including the HP EliteBook X G1.

Omen Max 16, and OmniBook. HP’s AI Companion app, preloaded with OpenAI models, can perform various tasks such as searching the web, analyzing files, summarizing PDFs, creating to-do lists, curating strategies, and planning meetings. The app also connects seamlessly to certain PC settings for quicker control. The company’s focus on customization intuitiveness.

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HP is focusing on AI PCs, collaborating with partners like AMD, Intel, Qualcomm, and strategy Microsoft, and offering customized AI solutions beyond what is already integrated in apps and operating systems. The company has added quick-commerce platforms to its retail presence in the country, catering to customers who want products quickly and without waiting for a day.

HP’s wide channel network, including over 750 outlets, is a key factor in this strategy. HP has made some of its consumer laptops available on these platforms, and there is a growing is outlets expected to continue in the coming years interest in these products on the commercial side of products is expected to lead to more efficient and productive work and personal lives.

The AI PC era has started with AI enhanced PCs, which were devices with an additional neural processing unit (NPU) in them. HP is excited about how AI PCs will become the next big thing for consumers, enhancing work and personal lives. The next generation AI PCs are expected to compute at 40 TOPS or more, with a range going up to 55 TOPS. This new enhanced portfolio.

April 2025 — As businesses and consumers increasingly rely on artificial intelligence (AI) to drive innovation, HP Inc. is ensuring that its AI solutions strike the right balance between cutting-edge technology and data security. Vineet Gehani, HP’s Vice President and General Manager of Personal Systems in Asia Pacific and Japan, recently shared insights into.

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“AI is transforming how we live and work, but innovation cannot come at the cost of security. At HP, we are committed to integrating security-first principles into every AI-powered product we create,” Gehani said during a recent technology roundtable. He explained that HP’s approach to AI focuses on developing smart solutions that not only enhance user experience.

AI at the Heart of HP’s Product Strategy

According to Gehani, AI plays a central role in HP’s evolving product offerings, especially within its laptops, desktops, and enterprise solutions. “From adaptive performance in computing devices to AI-driven cybersecurity tools, we are embedding AI into everything from the hardware to the software level to provide smarter, more secure experiences.

For HP, AI is not just about making devices smarter but also ensuring that these devices are capable of recognizing and responding to emerging security threats. This is especially important as more businesses and individuals move where data protection and privacy are of paramount importance.

HP’s Commitment to Data Privacy and Security

Incorporating AI in the realm of cybersecurity is crucial for the protection of sensitive information,” said Gehani. “With AI, we can detect anomalies faster, respond more efficiently, and preempt potential threats before they even arise. Our goal is to enable businesses and individuals to harness the power of AI while remaining confident that their data is safe.”

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