<h1>India's Economic Growth Forecast: 7.0-7.75% in 2016-17, Strong Domestic Consumption Amid Global Challenges.</h1> The Economic Survey 2015-16, presented in Parliament, indicates that while India's growth may not reach its potential of 8-9% in the short term, it is expected to remain resilient amid global economic sluggishness. The growth forecast for 2016-17 is between 7.0 to 7.75%, supported by reforms and stable macroeconomic conditions. However, weak global demand poses a challenge. Despite reduced investment, domestic consumption remains strong, driven by private consumption. Fiscal consolidation limits government spending, but private investment shows promise. India's external sector remains robust, benefiting from low commodity prices, with the current account deficit projected to stay low and manageable.