<h1>India Set to Lead Global Growth in 2016 with Strong GDP and Reforms, Despite Challenges: Economic Survey 2015-16.</h1> India is projected to be the fastest-growing major economy in 2016 despite global challenges, as per the Economic Survey 2015-16. The survey highlights economic stability, robust GDP growth, and successful reforms in transparency, FDI, and financial inclusion. Challenges include demographic investments, climate change, and agriculture. GDP growth is expected to rise to 7.6%, with inflation and foreign exchange reserves showing positive trends. The fiscal sector has seen improvements in tax collection and spending quality. The survey addresses the Twin Balance Sheet problem and emphasizes the need for recognition, recapitalization, resolution, and reform. La Nina may positively impact agriculture, improving harvests in 2016-17.