Australia – India’s natural partner for its growth – launches new Economic Roadmap  

Australia has launched an ambitious new roadmap to strengthen trade and investment ties, recognizing the immense opportunities in India - one of the world’s fastest-growing economies.

Australia believes in India’s bright economic future. Our economic complementarity and strategic alignment means Australia is a natural partner for India’s growth.

The roadmap identifies four ‘superhighways of growth’: (i) clean energy, (ii) education and skills, (iii) agribusiness and (iv) tourism. And it outlines seven ‘major economic roads’ to mutual prosperity: (i) investment, (ii) tech, (iii) sports, culture and the arts, (iv) resources, (v) defence, (vi) space, and (vii) health. These are the fields in which our complementary capabilities can be most naturally leveraged.

To kickstart this ambitious plan, Australia will invest AUD 16 million in the Australia-India Trade and Investment Accelerator Fund (TIAF), designed to help Australian businesses tap into India’s dynamic market.

Further reinforcing bilateral ties, an additional AUD 4 million has been put towards the Maitri Grants Program, fostering deeper business, cultural, and people-to-people connections.

Read more about the enormous opportunities ahead for the people of Australia and India here: https://www.dfat.gov.au/geo/countries-economies-and-regions/india/new-roadmap-australias-economic-engagement-india

Media Release: https://www.foreignminister.gov.au/minister/penny-wong/media-release/boosting-australias-economic-ties-india

Transcript of Prime Minister Anthony Albanese speech at the Launch of the Roadmap: https://www.pm.gov.au/media/launch-roadmap-australias-economic-engagement-india

(Prime Minister Anthony Albanese launches new roadmap to deepen economic ties with India)