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Economy and Finance Current Affairs

India to grow 7.2% in 2017-18 says World Bank

World Bank has reported that India is going to grow 7.2%this financial year from 6.8%in 2016,gradually to 7.7%in 2019-20.

The report also says that things are going to better after the implementation of GST in July.

 

India ranks 1 in Global Retail Development index

India has ranked 1 among 30 developing nations in Ease of doing Business surpassing China.The Global Retail Development Index is for measuring investment worldwide and analysing 25 macro economic retail specific variables

Arab nations cut diplomatic ties with Qatar

Saudi Arabia,Baharain,Egypt,Yemen,Libya and UAE has cut diplomatic ties with Qatar for embracing terrorists and sectarian groups  for destablizing regions in the muslim brotherhood.

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