<h1>India's Economy Grows 7.2% in First Half of 2016-17 Despite Global Challenges; Inflation Stable at 5.2% CPI.</h1> In the financial year 2016-17, India's economy showed robust growth, with a 7.2% growth rate in the first half, despite global economic challenges and rising petroleum prices. Inflation remained stable, with a Consumer Price Index averaging 5.2% and food inflation easing to 3.3% by October 2016. Trade saw a decline in exports and imports, yet the trade deficit reduced significantly. Foreign exchange reserves were comfortable, and external debt remained manageable. Agriculture grew by 2.5%, and industrial production saw a slight decline. The government emphasized fiscal consolidation, inflation control, and policy measures to enhance economic stability and growth.