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And the outlook for short-term growth is also good as according to the IMF, the Indian economy is the bright spot in the global landscape. India also topped the World Bank âs growth outlook for 2015-16 for the first time with the economy having grown 7.3% in 2014-15 and expected to grow 7.5-8.3% in 2015-16.ndia is also the fourth largest start-up hub in the world with over 3,100 technology start-ups in 2014-15 The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013-14).
WASHINGTON: India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 per cent, IMF today said, even as it lowered its current year global economy growth forecast to 3.3 per cent.EWS. The Indian economy is expected to grow at a slower pace of 8.7% than the projected 9%. This is slower than the 9.6% growth achieved in 2006-07 and 9.4% registered in 2005-06, but on a par with the average annual compounded growth rate achieved over four years of scorching growth, starting 2003-04.