Set version to 1.7.0

[joseph-neeraj]

PR checklist

• [ ] An issue/feature request has been created for this PR
• [ ] Pull Request title clearly describes the work in the pull request and the Pull Request description provides details about how to validate the work. Missing information here may result in a delayed response.
• [ ] File the PR against the master branch
• [ ] The code in this PR is covered by unit tests

Link to issue/feature request: add the link here

Description

Fix incorrect versioning