OECD sees India's growth at 7% due to note ban, bats for inheritance tax

The Organisation for Economic Co-operation and Development (OECD)  has projected India's economy to grow 7 per cent in the current financial year and rise gradually to 7.3 per cent in the next year and 7.7 per cent in 2018-19.

In a report titled, 'Economic Surveys India' released on Tuesday, OECD says implementing the demonetisation has had transitory and short-term costs but should have long-term benefits. 

It prescribes that India should bring down corporate tax rate to 25 per cent, introduce inheritance tax and provide certainty in rules.

The Central Statistics Office will release second advance estimates for gross domestic product (GDP) for 2016-17