Marking a second straight year of sub-5% growth, India's economy grew 4.7% in 2013/14 - the worst slowdown in more than a quarter of a century. GDP expanded 4.6% on year in the quarter ended Mar-31, below the estimated growth of 4.8%. Moreover, the fiscal deficit during the 2013/14 fiscal year was equivalent to 4.5% of the country's GDP.