Paris based think tank Organisation for Economic Co-operation and Development (OECD) has cut India’s growth forecast for this fiscal year (2016-2017) to 7% from 7.4% earlier (2015-2016) because of demonetization.
But stated that the pace will accelerate to 7.3% next fiscal (2017-2018) and higher in Financial Year 2019. According to OECD India is already in the process of implementing a gradual reduction in corporate income tax to 25% from 30%.
What can be the possible questions from above news:
Q1. How much percent OECD cuts India’s growth rate forecast for the financial year (2016-2017) from 7.4% earlier (2015-2016) due to demonetization, recently.
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Source- The Economic Times