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   Economic Survey 2016 has revealed the state of the Indian economy ahead of the presentation of the Union Budget 2016 by FM Arun Jaitley on Monday (29th February). According to the Economic Survey the Indian economy faces an external environment that is extremely challenging as global economy is in trouble with negligible growth. In this situation it projected a 7-7.5 per cent GDP growth rate in India over the next fiscal which could accelerate to 8 per cent in a couple of years. The Economic Survey for 2015-16, which was tabled in Parliament today, also made a case for carrying forward the reform process to achieve macro-economic stability. After a 7.2 per cent economic growth in 2014-15, it said the expansion in economy will be 7.6 per cent in the current fiscal, the fastest in the world. Here are the top 5 key takeaways to note:

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   The report estimates GDP growth for the second half and for the full year at 6.3 per cent and 6.7 per cent, respectively with a downward bias.

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   2. Despite difficult global environment, India likely to be fastest growing major economy in the world in 2016

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   3. Services Sector remains key driver of economic growth, contributing almost 66.1 percent in 2015-16

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   4. 57 percent of households had calorie intake below 2,160 KCal/consumer unit/day. Average protein intake per capita per day rising steadily. India has the second highest number of undernourished people, warranting immediate attention

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   5. India ranks first in milk production, accounting for 18.5 percent of world production. India recording growth of 6.26 percent whereas world milk production increases by 3.1 percent. Per capita availability of milk in India increased from 176 grams per day in 1990-91 to 322 grams per day by 2014-15. Egg and fish production has also registered an increasing trend over the years.