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Revenue generation, wealth re-distribution, and economic fairness led to a steep increase in the number of countries levying the inheritance tax in the 19th and early 20th century.  
This number declined rapidly since the 1960s as governments started adopting and expanding more efficient revenue instruments including income tax and general consumption taxes (i.e. indirect-taxes). Today, driven by strong economic activity, India’s GST collections are hitting record high and direct tax collections are met.
India is in a very strong position and its revenue generation does not require administratively and economically inefficient age-old tools like inheritance taxes which represents double taxation as assets may have already been subject to income tax or capital gains tax during the deceased person's lifetime. Nevertheless, we should reform the rules governing transfers through trusts and similar devices, which the wealthy exploit to slash their tax liability.

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