The Indian economy continues to struggle as its growth has stuttered in 2017. The International Monetary Fund has downgraded its growth rate for 2017 to 6.7% in 2017, 0.5 percentage points less than its previous two forecasts in April and July. How can the economy be revived? India is as a developing economy. It is the world's seventh-largest economy by nominal Gross Domestic Product. It is also the third largest economy in terms of purchasing power parity (PPP). However, it ranks at 141 in per capita GDP (nominal)..