Modi unveils India-Australia economic roadmap for clean energy and uraniumclean energy and uranium trade
Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese unveiled a new economic roadmap in Melbourne on July 9, 2026, focusing on clean energy, uranium, and AI to strengthen ties amid global uncertainty.
The leaders described their nations as trusted partners, aiming to boost investment and secure energy supplies. This agreement matters as it deepens strategic cooperation between India and Australia in response to market disruptions and energy insecurity.
- Australia holds 30% of the world's identified uranium reserves.
- India's nuclear power capacity is expected to triple by 2032.
- The two nations signed a Comprehensive Economic Cooperation Agreement in 2011.