The industry is upbeat on India's growth prospects after the new government led by Prime Minister Narendra Modi took charge at the Centre. According to the Business Outlook Survey by Confedaration of of Indian Industry, CII the growth is expected to pickup from 4.7 per cent in 2013-14 to between 5.5 and 6 per cent in financial year 2015 It said that wholesale price inflation is expected to moderate to between 5.5 and 6 per cent in the current fiscal.CII Director General Chandrajit Banerjee said that that a stable government at the Centre will bring growth back to India and it is expected that the index will gather momentum in the coming days, riding on improved sentiments and business confidence .