Moody's Analytics says, the worst is over for India's economy, though growth may reach its potential only next year and GDP expansion is likely to touch 5 to 5.5 per cent this year.It is likely to be more than 6 per cent in 2015. The agency said today in a report titled, 'India Outlook: Steady Growth, Lower Risk that Prospects about the forthcoming general elections may lift business confidence and will be the trigger for the economy, which has stabilised after downside risks eased with the rupee and current account issues under control.It said, the economy has stabilised in recent quarters, though GDP growth remains well below potential.Downside risks have receded. The rupee is less vulnerable to the US Fed tapering than it was in 2013.The economy will slowly improve across 2014 but not hit potential until well into 2015.Moody's Analytics is a division of Moody's Corporation that is engaged in economic research and analysis.The report is said to be independent and does not reflect the opinions of its credit-rating wing, Moody's Investors Service.Analyst Glenn Levine said, there is a growing list of reasons to believe that the economy has started to turn the corner, albeit slowly, after 30 months of sub-par growth.Economic growth has stabilised and downside risks have fallen. Externally, the global economy is stabilising, with better growth is expected this year.Exports have already started to pick up, helping to narrow the Current Account Defecit.Basing its optimism on better-than-expected third-quarter growth, the report said the economy should steadily improve in the coming quarters as downside risks have started to recede.