<h1>India's Economy Projected to Grow Over 7% in 2016-17, Despite Global Challenges, Says Economic Survey 2015-16.</h1> The Economic Survey 2015-16, presented by the Union Finance Minister, indicates that India's economy is projected to grow over 7% in 2016-17, despite global challenges, with potential to exceed 8% in the following years due to ongoing reforms. In 2015-16, India achieved 7.6% growth, maintaining its status as the fastest-growing major economy. Agricultural growth lagged due to poor monsoons, while allied sectors like livestock and fisheries showed over 5% growth. Manufacturing saw a recovery, driven by sectors such as petroleum and automobiles, though other industrial areas slowed. The services sector, a key economic driver, remained robust, contributing significantly to growth.