Melbourne: Finance Minister Arun Jaitley today met Australian Prime Minister Malcolm Turnbull as he highlighted the potential of the Indian economy to grow beyond the current rate of 7.6 per cent and the large scope for higher economic exchanges between the two nations.
During the meeting in Canberra, Mr Turnbull expressed interest in cooperating with India in renewable energy sector where Australia has expertise.
Mr Jaitley also extended an invitation to Mr Turnbull to visit India. The Finance Minister also met his Australian counterpart Mathias Cormann at a luncheon meet.
Mr Jaitley reached the Australian capital this morning after a two-day stay in Sydney where he inaugurated the 'Make in India' conference.
The Finance Minister is scheduled to address the K R Narayanan Oration series for this year at the Australian National University (ANU) later today.
Mr Jaitley's speech would review the potential of the government's policy initiatives to stimulate financial inclusion and reduce poverty and create job opportunities through people's enhanced participation.
In the evening, Mr Jaitley would also be attending a special reception organised by the Canberra-based Indian High Commission to be attended by Indian community leaders from several Australian cities.