Finance Minister Arun Jaitley meets his Indonesian and Australian counterparts

Finance Minister Arun Jaitley, in the US to attend the Spring Meetings of the IMF and world Bank, met his Indonesian and Australian counterparts.

Jaitley, discussed with the finance ministers of the two countries possible areas of mutual collaboration and commonality of their positions at various multilateral fora.

Jaitley is accompanied by RBI Governor Urjit Patel, Economic Affairs Secretary Shaktikanta Das and Chief Economic Advisor Arvind Subramanian.   

Das held a separate meeting with representatives of credit rating agency Moody's, an official statement said.   

During the meeting, Das stressed that India is recording GDP growth of over 7 per cent at a time of stagnant global trade, subdued investment and heightened policy uncertainty.  

Also Read: India-US ties have become stronger, mature, says Arun Jaitley

Das also elaborated various steps taken by the Indian government for boosting growth, generating employment and financial inclusion.     

The US-based agency has a 'Baa3' rating, a notch above the investment grade, on India with a positive outlook.     

The Indian economy is estimated to have grown 7.1 percent in 2016-17. As per the Economic Survey, growth will pickup to 6.75-7.5 per cent in the current financial year.