A new report by Moody's Analytics has said that the worst may be over for the Indian economy. It sees economic growth at around 7% from 2014 onwards in its India Outlook report titled the worst may be over. The report says, the December quarter was likely the bottom of the economic cycle, and we anticipate a steady acceleration in GDP growth across the coming year. It forecasts from 2014 onwards is for economic growth of around 7%, which is India's new rate of trend growth," . At the same time, Moody's has cautioned the government against targeting double-digit GDP expansion saying any growth beyond 7% without reforms will fuel inflation that will result in more painful future adjustments.