Tags: New Delhi , RBI , International Monetary Fund

New Delhi: The International Monetary Fund today scaled down India's growth projections for 2009 to 4.5 per cent from the earlier estimate of 5.1 per cent.

The Indian economy is also expected to register a slower growth rate at 5.6 per cent next year, down from 6.5 per cent estimated earlier, the IMF said.

The IMF's estimates are quite pessimistic compared to the Reserve Bank's projections, which too are seen as conservative. The RBI in its annual policy has pegged India's economic growth at 6 per cent this fiscal, which comprises the last nine months of the calendar year 2009.

RBI Governor D Subbarao today said that India's growth going below 6 per cent this fiscal is a remote possibility.

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