Trade, Tourism and Investment Minister Simon Birmingham is leading a delegation of over 100 Australian businesses and organizations to India from February 24 to 27, 2020.
Minister Birmingham said the aim of the trade mission is to open doors for Australian businesses to India’s large and aspirational middle class.
“India’s economy is rapidly transforming, predicted to be the third-largest in the world by 2035, and this presents huge opportunities for Australian businesses across a range of export sectors,” Minister Birmingham told SBS Hindi.
“India’s aspirational middle class – already 12 times the size of Australia’s population – is also growing rapidly, and now is the time to position Australian businesses so they can develop long-term relationships with Indian businesses, supply chains and investment partners.”
- India is predicted to be the third-largest in the world by 2035
- India is Australia’s eighth-largest trading partner and fifth-largest export market
- The two-way goods and services trade between the two countries was valued at $30.3 billion in 2018-19
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