The technology sector could help strengthen trade ties between India and Australia, which have lagged behind the strong political and defence links between the two nations, say business leaders.
Jim Varghese, national chairman of the Australia India Business Council, said trade and investment between the two countries were “not where they should be” considering India is tipped to be the third-largest economy in the world by 2035.
“India offers scalability that no other country can offer. India has to be viewed as a destination on its own, and not as an alternative to China,” he told The Australian Financial Review.
Two-way trade with the country of 1.3 billion people is slightly more than Australia’s trade with New Zealand, a country of 5 million.
To read the full article by The Australian Financial Review, please click here.