The GDP growth in the current financial year is expected to be around 5.5 per cent. Mid-year economic analysis tabled in Parliament, today, said the investment is yet to pick up significantly. However, it noted that on the up side inflation has come down. It said the backlog of stalled projects needs to be cleared more expeditiously. The review said speedier environmental clearances, reforming land and labour laws will also be critical.The Economic Survey 2013-14 had observed that during 2014-15, the economy was expected to recover only gradually with growth in real GDP likely in the range of 5.4 to 5.9 per cent. At the same time it has also noted the possibility of growth remaining on the lower side of the range due to various reasons. These include weak growth in some Asian economies particularly China that would depress Indian exports.