Australia and India are strengthening their economic ties, building on a foundation of shared values and mutual interests. High Commissioner Philip Green and Vikram Mehta of the Centre for Social and Economic Progress recently discussed a new roadmap aimed at enhancing economic engagement between the two nations.
This initiative seeks to create “sectoral superhighways” to connect the Australian and Indian economies more closely. The plan focuses on areas such as renewable energy, critical minerals, and technology, reflecting both countries’ commitment to sustainable growth and innovation.
The Australia-India Economic Cooperation and Trade Agreement (ECTA), which came into effect in December 2022, has already yielded positive results. In the first year, Australian exports to India (excluding coal) increased by 35%, with agricultural exports up by 60% and industrial exports (excluding coal) up by 30%.
Both nations are now working towards a Comprehensive Economic Cooperation Agreement (CECA) to further enhance trade and investment. The goal is to increase bilateral trade to $100 billion, a significant leap from current levels.
Renewable energy is a key focus of this collaboration. Australia and India have launched the India-Australia Renewable Energy Partnership, aiming to boost investment in green energy projects, including green hydrogen and solar photovoltaic manufacturing.
Defence and maritime security cooperation are also on the agenda, reflecting a shared interest in regional stability. Both countries are members of the Quad, along with the United States and Japan, working together to balance influences in the Indo-Pacific region.
The Indian diaspora in Australia, now over one million strong, plays a crucial role in strengthening cultural and economic ties. Initiatives like the Migration and Mobility Partnership Arrangement (MATES) provide pathways for Indian professionals to work in Australia, further enhancing collaboration.
As both nations navigate this collaborative journey, the emphasis remains on mutual benefit and respect. By leveraging their respective strengths, Australia and India are poised to create a partnership that not only boosts their economies but also contributes positively to regional and global stability.
Support independent community journalism. Support The Indian Sun.
Follow The Indian Sun on X | Instagram | Facebook
Support Independent Community Journalism
Dear Reader,The Indian Sun exists for one reason: to tell stories that might otherwise go unheard.
We report on local councils, state politics, small businesses and cultural festivals. We focus on the Indian diaspora and the wider multicultural community with care, balance and accountability. We publish in print and online, send regular newsletters and produce video content. We also run media training programs to help community organisations share their own stories.
We operate independently.
Community journalism does not have the backing of large media corporations. Advertising revenue fluctuates. Platform algorithms change. Costs continue to rise. Yet the need for credible, grounded reporting in a multicultural Australia has never been greater.
When you support The Indian Sun, you support:
• Independent reporting on issues affecting migrant communities
• Coverage of local and state decisions that shape daily life
• A platform for small businesses and community groups
• Media training that builds skills within the community
• Journalism accountable to readers
We cannot cover everything, but we work to cover what matters.
If you value thoughtful reporting that reflects Australia’s diversity, we invite you to contribute. Every donation helps us maintain the quality and consistency of our work.
Please consider making a contribution today.
Thank you for your support.
The Indian Sun Team
