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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).
On February 28, 2015 12:15 (IST). India's gross domestic product (GDP) in the fiscal year 2015/16 is expected to grow between 8 and 8.5 percent, the Finance Minister said in his presentation to parliament.Union Budget: 2015-16 GDP Seen Between 8% and 8.5%, Best in Five Years. On February 28, 2015 11:18 (IST).ith India's growth rate projected to drop slightly from 7.5 per cent to 7.3 per cent in 2015, the International Monetary Fund (IMF) on Saturday recommended the country to launch next phase of economic reforms and improve its business climate for achieving faster and more inclusive growth.