A blueprint for India–Australia economic relations India-Australia relations: Getting over the Quad blues Australia-India relations: Poised for take off. The Australia-India bilateral relationship has been largely a case of . affect skilled Indians employed in the American technology industry. Australia's closest ally, the United States of America, has been a dominant economic Relations between Australia and India have been mixed over the years.
But the tremendous potential for bilateral business growth has thus far been hobbled by a lack of political will on both sides of the Indian Ocean.
Advertisement The strategy was authored by former Australian high commissioner to India, former Department of Foreign Affairs and Trade secretary, and University of Queensland chancellor Peter Varghese. Mr Varghese identified 10 sectors and 10 key Indian states that Australia should focus on in the next two decades.
The Australia-India Bilateral Relationship in 2017: Stable, Static and Newly Significant
The sectors are education, agriculture, energy, resources, tourism, healthcare, financial services, infrastructure, science and innovation, and sport. It says that over the next 20 years, no single market will offer more growth opportunities for Australia than India.
They require a sharper national focus on India by government, an unambiguous commitment by Australian business and a deeper understanding by both government and business of the magnitude of what is unfolding in an Indian market place which will only get more crowded.
They will also require an approach to the investment relationship with India that markedly differs from the trajectory of Australian investment in most other Asian markets. Its progress will be uneven but the direction is clear and irreversible.
Charting the future of Australia-India relations - Australian Polity
If it does, Australia stands to benefit tremendously, if it fails to do so, Australian companies risk missing out on the tremendous opportunities. Highlighting the huge potential, Mr Albanese said: Contact us Australia-India Relations Australia has placed India at the forefront of its international partnerships.
- Why India is emerging as Australia's natural ally
- Australia- India relationship
- Charting the future of Australia-India relations
Both governments recognise there is significant potential for further cooperation across a broad range of areas. Two-way Prime Ministerial visits in built significant momentum in the relationship and affirmed the Strategic Partnership agreed to in Australia and India established diplomatic relations in the pre-Independence period, when the Consulate General of India was first opened as a Trade Office in Sydney in India's first High Commissioner to Australia arrived in Canberra in Australian and Indian Defence Ministers meet regularly.
Economic and trade relations The Australia-India economic relationship has grown significantly in recent years.
Australia's strength in exporting primary products, particularly minerals and energy, as well as services such as education, positions us well to supply growing Indian industrial and consumer demand. Education links The Department of Education and Training office at the Australian High Commission leads strategic policy, regulation and government-to-government engagement in international education and research across India and the region Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka and the Maldives.
The office works in partnership with Austrade, which is responsible for the international marketing and promotion of Australian education and training. For more information, click here. Defence relations Building on a long history of cooperation - including our shared experience in the trenches of World War I in Gallipoli and along the Western Front - Australia and India have a positive defence relationship, underpinned by the Memorandum on Defence Cooperation and the Joint Declaration on Security Co-operation.
Following the agreement in of a bilateral Framework for Security Cooperation the defence relationship has grown to include a range of forums for strategic dialogue, as well as regular interactions between our respective services through senior visits, staff talks, and training exchanges.