<h1>India's Economy to Grow 7.1% in 2016-17; Budget 2017-18 Targets Agriculture, Manufacturing, and Services Boosts.</h1> The Central Statistics Office estimates the economy will grow by 7.1% in 2016-17, down from 7.9% in 2015-16. The International Monetary Fund predicts a 6.6% growth for the same period. Agriculture, manufacturing, and services sectors are projected to grow by 4.1%, 7.4%, and 8.8%, respectively. Budget 2017-18 aims to boost agriculture through increased credit and insurance coverage, while manufacturing benefits from tax reductions for smaller companies and improved business conditions. The services sector is expected to grow with a focus on digital economy and infrastructure. The Reserve Bank of India's Monetary Policy Committee considers inflation and economic conditions when deciding the Repo rate.