India is Fast Becoming a Regional Security Power, Trade Deal with Australia Affirms That
News 18The new trade deal between India and Australia has come as a “shockwave” to those of us involved in the relationship. India and Australia can set new goals and new approaches in education – we should “reimagine” the India-Australia education relationship, making it more collaborative and more two-way. The economic case is clear – India is by far the fastest growing major economy in the world – with GDP projected to grow at 9% in 2021-22 and 2022-23 and 7.1% in 2023-24. Business and political leaders have realised that two-way trade of $24 billion and goods and services at $17 billion is just not good enough. I am also keen to see investment between the two countries becoming a bigger priority – investment is a part of the trade story and India could become the third largest destination in Asia for outward Australian investment.