The initiative for the consultations among the select ministers was taken by Australian Trade Minister Simon Crean.
Australian Trade Minister Simon Crean has expressed optimism in sorting and settling challenging differences.
With 47 per cent of Australians favouring Free Trade Agreement with India in a recent poll, the feasibility study by the two sides has revealed the agreement could boost Australia's GDP by AUD 45 billion in the next 20 years.
These may weaken India's long-standing demand of easy, flexible rules.