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Corruption has jeopardized economic growth and led to a growing divide between the rich and the poor of the countries.
The trade report was presented in Parliament House in Canberra on Wednesday.
Li met IMF Managing Director Christine Lagarde in Beijing on Monday.
With a combined population of 2.5 billion, China and India are increasingly playing an influential role in the global economy.
China has praised Lee as "an Asian statesman of unique influence".
Talks were suspended after Japan decided to "nationalize" the disputed islands, called Diaoyu by China and Senkaku by Japan.
The report said the Indian economy will grow 7.7 per cent in 2015 and 8 per cent in 2016.
Colombo Port City is among the several Chinese-funded projects that have come under the scrutiny of the new government.
Putin will meet Chinese President Xi, North Korea's Kim Jong Un in May.
The US is reportedly making last-ditch attempts to hinder its allies’ participation in the China-backed Bank.
