IMF and the World Bank in their latest forecast have projected India's growth rate at 7.6 percent in the next two years, making it the world's fastest growing emerging economy, Union Finance minister Arun Jaitley said while talking to Indian reporters at a news conference in Washington. <br/><br/>Mr. Jaitley is in the US leading a high-power Indian delegation to the annual meeting of the International Monetary Fund and the World Bank.<br/><br/>Mr. Jaitley said India is at the world's centre stage more than ever before for aspiring to do better in an adverse environment. Compared to the rest of the world, India is doing much better and we can do still better Mr. Jaitley said.<br/><br/>Since India is growing much faster, as compared to the rest of the world, it has become natural recipient of a higher level of Foreign Direct Investment, FDI, he added.<br/><br/>Union Finance Minister said good monsoon, pay commission, reasonable growth rate,domestic demand including rural demand have picked up and added that structural reforms in India today, in terms of direction and taking decision, are easier than ever before.<br/><br/>Increased expenditure in infrastructure and investment would keep growth growing, he said yesterday.<br/><br/>GST, he said, has a potential to add to the growth for several reasons. During his four days stay in the US Mr. Jaitley had a series of bilateral meetings with his counterparts with key countries, including the US, Britain and China. He also had bilateral talks with finance ministers of Iran and neighbouring countries Bangladesh, Bhutan and Sri Lanka.