The Organisation for Economic Co-operation and Development, OECD today put India's GDP growth at 7 percent for the current fiscal, 7(point)3 for the next and 7(point)7 percent for 2018-19. In its Economic Survey, the Global think-tank said, 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 per cent to 25 per cent. The OECD said comprehensive tax reforms, especially the Goods and Services Tax, would raise revenue of all stake holders. The survey said, a comprehensive reform of property, personal income and corporate taxes is needed to complement the GST reform.Noting that wealth in India is extremely concentrated, OECD made a case for introduction of inheritance tax with a high exemption threshold and raising the scope for property tax.OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.