The International Monetary Fund expected that the Indian economy will grow 5.4% in 2009, while the IMF lowered its forecasts for economic growth during next year by 0.1% to be 6.4%, worth mentioning that the Indian economy expanded 5.8% in the first three months of this year and it grew 6.1% in the second quarter.

The IMF said that the economy will grow at the least rate in recent years as the Indian economy was affected by the financial crisis and drought, having in mind that the economy grew 7.3% in 2008, while it expanded 9.4% in 2007.