Driving Collaboration And Growth In Key Sectors.

Looking ahead to 2035, India presents a promising avenue for fostering growth within Australia's agribusiness sector, particularly in food and beverage. Despite India's emphasis on bolstering domestic production, the disparity between demand and supply is anticipated to widen in the coming years.

India has a growing demand for critical minerals that Australia holds in abundance such as lithium, coal, iron ore, copper, nickel, potash and phosphate. India could secure supply of resources or enter into agreements, equity participation, or joint ventures with companies engaged in exploration and mining of critical minerals.

In the digital era, economic prosperity, societal welfare, and national security hinge on adeptly harnessing complex data. Vital for crucial domains like land and water security, emergency management, and autonomous systems, space and spatial capabilities are pivotal. Australia's space and spatial sectors are on the brink of substantial expansion. Collaborative efforts between these closely aligned industries promise unprecedented benefits, amplifying their potential for transformative growth.

With the largest tertiary age (18-22) population globally, India hopes to up-skill 400 million people by 2023. Demand for education spans every sector of India’s economy.

India has been ranked the top innovation destination in Asia and is the world’s third largest destination for imported research and development. Innovation will be crucial to maintaining India’s projected economic growth over the next twenty years.

Digital finance is expected to add $950 billion and 21 million jobs in India by 2025. India’s fintech industry is estimated to be valued at over $200 billion by 2025 and digital payments could surpass $1 trillion by 2030.

To meet demand through to 2040, India will need investments of $6.3 trillion into infrastructure. Investment by Australian investors, superfunds and banks could be encouraged into India’s infrastructure projects.