Union Finance Minister Arun Jaitley has said India may grow faster than 7.5 per cent growth rate which it recorded last year if predictions of above-average monsoon rainfall come true. <br/><br/>Mr Jaitley, on the first day of his 7-day visit to the US, said, the Indian economy registered 7.5 per cent growth last year notwithstanding contraction of global exports and two consecutive years of monsoon deficit. <br/><br/>Speaking on the theme of 'Steering India towards Growth' at an event organised by Carnegie Endowment for International Peace in Washington yesterday, he said, if the predictions of good monsoon were to come true, the economy is capable of improving upon the growth rate.<br/><br/>The Minister said the current growth rate of 7.5 per cent was not enough as per its own requirement standard and the country has the potential to do better.<br/><br/>Expressing concern over the decline in India's exports, Jaitley said the country's growth parameters are on track and the government is moving ahead on its reform agenda with inclusiveness and successfully meeting all its fiscal parameters.