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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).
Photo: Mint. New Delhi: The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye on their IT budgets, say industry analysts.esearch firms say information technology services exports will grow only 10-12% in 2015-16. Moulishree Srivastava. The overall technology spend is expected to grow 4% in 2015 as compared with 3.5% in 2014, according to the report.