Adani Carmichael project test case for future Indian investment: Aus report

Australia has discovered there is no easy fit for India

A research supported by the Australian government has produced a 500-page report on how to tap the Indian economy, in a bid to swing the country’s trade from an overdependence on China. At present, 24 per cent of Australia’s annual trade is with China, while only 3.6 per cent is with India. However, the report has a few standout conclusions. 

An economic dialogue between the two leading democracies on both sides of the Indian Ocean is, of late, dominated by Australia’s desire to finalise a Comprehensive Economic Cooperation Agreement (CECA) and India’s businesses checking out the fate of Adani’s Carmichael