INDIA AUSTRALIA ECONOMICS AND STRATEGIC PARTNERSHIP

India and Australia have been steadily strengthening their economic and strategic partnership in recent years. The two countries share several complementary interests and values, such as democracy, open markets, and a rules-based international order. In terms of economic ties, India and Australia have been engaged in trade and investment for many years, wit h bilateral trade reaching approximately $23 billion in 2020. Both countries have identified several areas for further cooperation, such as education, energy, and agriculture. Australia has also been supportive of India's efforts to become a more significant player in the Indo-Pacific region. On the strategic front, India and Australia have been working together to promote regional security and stability. The two countries are part of the Quad, a grouping that also includes the United States and Japan, which seeks to promote a free and open Indo-Pacific region. They have also been involved in joint military exercises and have si...