India Exim Bank’s study titled “India’s Trade and Investment Relations with Australia: Recent Trends and Potential” was released at the hands of The Hon Barry O’Farrell AO, Australian High Commissioner to India in the presence of Mr. Peter Truswell, Consul General of Australia, Mumbai and Ms. Harsha Bangari, Managing Director, India Exim Bank, during a seminar titled “India-Australia: Evolving Trade and Investment Paradigm” on April 08, 2022, hosted by India Exim Bank. The event was also graced by Mr. John Hopkins, Chief Risk Officer and General Counsel, Export Finance Australia; Dr. Monica Kennedy, Senior Trade and Investment Commissioner, Austrade, Mumbai; Mr. Irfan Malik, President, New South Wales Chapter, Australia India Business Council; and Mr. Amit Bhandari, Senior Fellow, Gateway House Mumbai.
The study highlights the immense opportunities existing for enhancing trade and investment relations between India and Australia. The study notes that till the period prior upto 2020, the total trade between the two countries peaked at US$ 18 billion in 2017, with India’s exports to Australia amounting to US$ 4 billion and imports from Australia amounting to US$ 14 billion.