International Monetary Fund, IMF has projected a higher 5.4 per cent economic growth for India in 2014-15. The IMF yesterday suggested strengthening of inflation management polices and doing away with supply bottlenecks for better GDP. The IMF also sees inflation, driven by food prices, remaining near double digits in 2014-15. Though it said tight monetary policy is likely to slow growth recovery. It said, growth is projected at 4.6 per cent for fiscal year 2013-14, and should pick up to 5.4 per cent in 2014-15 at factor cost. The multilateral agency said this in its report after concluding annual discussions with India. Meanwhile, in a note prepared for the G20 leaders' meet that will start tomorrow in Sydney, the IMF asked high inflation countries, like India to strengthen their fiscal and monetary policy frame work to tackle price rise.The Washington-headquartered agency also stressed that countries like India needs to better its supply infrastructure by doing away bottlenecks to achieve faster growth, job creation and poverty reduction. The IMF described India's National Food Security Act as a landmark legislation which is an important effort to ensure that a majority of the population has access to adequate quantities of food at affordable prices.