Organisation for Economic Co-operation and Development, OECD, has said that India is projected to see a growth of around 7.5 per cent in the current fiscal even as the world economic growth is stuck in a low-growth trap.OECD Secretary-General Angel Gurria said Weak trade growth, sluggish investment, subdued wages and slower activity in key emerging markets will all contribute to modest global GDP growth of 3 per cent in 2016. According to the summary of projections by the OECD for G20 countries, with re-balancing continuing in China, growth is expected to continue to drift lower to 6.5 per cent while Brazil is expected to contract by 4.3 per cent this year.About India, the think tank said the renewed commitment for fiscal consolidation is welcome but the quality of public finances should be improved by increasing tax revenue and tilting the spending mix towards physical and social infrastructure. OECD further said improving productivity is essential for India's GDP per capita to catch up with higher-income countries.