The best replacement for intel i7 is i5.

The best alternatives to intel i7 are rated as following:
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★  core 2 quad
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  phenom
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  amd a10 5750m
  xeon quad core
  intel quad core
  amd fx 9590
  amd processors
  amd fx 8150

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Speaking about intel i7, one probably shouldn't forget about motherboard price in india.

Other search terms related to intel i7 and their ratings are:
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