Prime Minister Modi unveils India-Australia economic roadmapIndia-Australia economic roadmap in Melbourne
Prime Minister Narendra Modi unveiled an India-Australia economic roadmap focusing on clean energy, uranium, and AI during a forum in Melbourne on Thursday.
The leaders announced a AUD 500 million investment and pushed for stronger trade ties as Modi's second stop on a three-nation tour. This partnership signals a strategic shift toward trusted economic allies amid global market uncertainty and energy insecurity.
- Australia hosted the Commonwealth Games in 2018, and the next edition is scheduled for Gujarat, India in 2030.
- India and Australia completed their first free trade agreement in 2022, significantly lowering tariffs on goods like wine and seafood.
- Australia's uranium exports to India began in 2024 under a bilateral agreement that includes strict non-proliferation clauses.