Australia is eyeing India’s burgeoning middle class to help offset the economic damage wrought to some of its major exports by the twin headwinds of Covid-19 and heavy restrictions imposed by its biggest trade partner, China.
With a middle-to-high income population of about 85 million people, according to Pew Research — roughly three times Australia’s total population — it’s seen as a prime target for sectors from education, to wine and tourism, all of which were hit badly by the pandemic and worsening relations with China.
Bilateral trade is expected to more than double to around A$60 billion over the