Australia India Business Exchange

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From October 2019 the Australian Government will roll out the Australia India Business Exchange program of events. This multi-month program will deepen Australia’s trade, investment, education and tourism relations with India.

The opportunities for Australian business in India are growing quickly. The India Economic Strategy to 2035 report sets out how Australia can benefit from India’s emergence as an economic superpower. In its response, the Australian Government recognises that:

‘India is currently the sixth largest economy in the world and … one of the fastest growing. It is projected to become the world’s third largest economy by 2035.’

The Australia India Business Exchange program will include two-way ministerial visits, business missions, and a range of trade shows and commercial conferences. The program will focus on four priority sectors – education, agribusiness, resources and tourism – and also support initiatives in food and wine, energy, health, financial services, infrastructure, sport, and science and innovation.

The high point of the program will be a major business mission to India in February 2020.

The Australia India Business Exchange program will be a true exchange that includes all levels of government as well as representatives from business and education, together with our Indian partners. A full list of events will be available soon.

For further market detail visit Austrade’s India market profile.

Why Australia India Business Exchange?

Over the next 20 years, India’s fast-growing economy will trigger increased demand for Australian goods and services. This creates fresh opportunities for Australian agribusinesses, education providers, resources companies and tourism industry. The healthcare, energy, financial services, infrastructure, sports, and science and innovation sectors will also find fast-growing markets in India.

In response, the Australian Government is committed to transforming Australia's economic partnership with India between now and 2035. Goals include lifting India into its top three export markets and making India the third largest destination in Asia for outward investment.

Australia is well positioned to benefit from India’s growth. India was Australia’s eighth largest trading partner in 2018-19. In 2018, bilateral goods and services trade was worth A$29.1 billion, with Australian exports valued at A$21.1 billion. In 2018, Indian investment in Australia stood at A$15.5 billion, while total Australian investment in India is now worth over A$13.9 billion.