India and Australia have a strong and growing business relationship, with bilateral trade surpassing $46.5 billion in 2022. The Economic Cooperation and Trade Agreement (ECTA) has facilitated smoother trade, eliminating tariffs on key exports like pharmaceuticals, coal, and minerals. Major sectors include IT, education, and energy.
Australia is a key investor in India’s mining, infrastructure, and energy sectors, while Indian companies like Infosys and TCS are prominent in Australia. Both nations collaborate on critical minerals, essential for India’s EV and tech industries, and benefit from educational exchanges, with over 120,000 Indian students in Australia.
Defense cooperation through the Quad Partnership, along with growing collaboration in renewable energy and sustainability, further strengthens ties. Despite challenges like visa issues and regulatory barriers, there are vast opportunities in digital economies, AI, and healthcare for both countries.