Barry O’Farrell returns to the spotlight with ‘massive opportunity’
Former NSW Premier Barry O’Farrell returns to the spotlight today as a major Australia-India trade conference is held in Sydney.
The meeting will bring together Prime Minister Scott Morrison, Indian President Ram Nath Kovind as well as key business leaders to discuss the future.
“It’s a massive opportunity for Australia,” says Alan Jones.
India is the fastest growing large economy in the world, with a growth rate last quarter of 8.2 per cent.
Former NSW Premier Barry O’Farrell is now the Deputy Chair of the Australia-India Council and says we’ve only just “scratched the surface” when it comes to the subcontinent.
“The figures we’re talking about… by 2035 we should be able to grow outward investment from $10 billion to $100 billion,” he tells Alan.
“And we should be able to grow exports three-fold to get them up to $45 billion.”
Mr O’Farrell says a third of our business is with Asia and India offers the opportunity to “not have all our eggs in a couple of baskets”.
Click PLAY below for the full interview