Notes: India’s GDP growth rate has been projected to 7% for FY17, as per latest survey by the Organisation for Economic Co-operation and Development (OECD). In its Economic Survey of India (ESI), the Global think-tank has stated that demonetisation may have impacted short term growth but the long term effects would include important gains going forward. It suggested that India should bring down corporate tax rate from 30% to 25%. Beside this, OECD has also estimated India’s GDP growth rate to 7.3% for FY18 and 7.7% for FY19. The OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.