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FY15 GDP growth will be around 5-5.5% on back of political uncertainly (elections). Although in the last 6-8 months some projects have got clarity, some political uncertainty has been removed, it could have a lagged effect on output.. Moreover, FY14 GDP growth to remain below 5 percent and expects the advance estimate number to also show a below 5 percent. FY14 GDP growth could look marginally better due to the FY13 revision. With the likelihood of interest rates being high going forward, there is no need to be unduly worried about FY15 growth being impacted by higher rates. India revised down its economic growth for the fiscal year 2012-13 to 4.5 percent from 5 percent earlier, the government data showed on Friday, on lower than provisionally estimated output in farm and manufacturing sectors.