Indian economy is projected to grow at 7.6 per cent in 2017. A UN report said, investments have regained momentum and the manufacturing base is strengthening on the back of structural reforms.<br/><br/>It credited India and China for steady growth of the Asia-Pacific region. It said in India while growth in the first quarter of the current fiscal year (April-June 2016) moderated due to a contraction in fixed investment, a rebound is expected.<br/><br/>According to Economic and Social Survey for Asia and the Pacific 2016 report, growth in India will be driven by a rebound in agriculture due to normal monsoon rain, which along with civil service pay revisions will support broad-based consumption growth. It added because of government's push to accelerate infrastructure spending and measures to create a better investment climate, growth will be strengthened by a recovery in private investment.