India’s economy expanded at 4.7 percent in the entire 2013-14 financial year, marking a second straight year of below 5 percent growth. The expansion was slower than an official estimate of 4.9 percent. Growth was affected by poor performance in mining and manufacturing during the January to March period. However, going forward, CII expects some pick up in investments as the de-clogging of the project pipeline would help revive demand in the economy. The new government has given an encouraging outlook and its actions will definitely have a positive impact on the investment sentiment.