Cut in tax rates for MSMEs may stunt their growth: OECD general secy

In a Q&A, OECD's Angel Gurria lauds note ban, says benefits like lower graft will be seen gradually

The Organisation for Economic Cooperation and Development (OECD) recently came out with economic survey of India, 2017, saying demonetisation will have long term benefits. OECD general secretary Angel Gurria tells Subhayan Chakraborty that some of the benefits such as formalisation of the economy are already apparent, while some others such as lower corruption etc would be visible gradually.

Edited excerpts:

The OECD Economic Survey of India says that demonetisation will have long term beneficial impact. When will these benefits start accruing? 
 

We have been very clear that demonetisation may have caused some short-term pain in the end of 2016