With China relationship on the rocks, Australia eyes India for trade

Australia’s escalating tensions with Beijing have shown up its reliance on China trade and propelled a push to increase links with Asia’s other giant economy, India.

New enrollments of international students from India expanded 32% in 2019 from a year earlier and it’s the fastest growing major market for Australian services. India has overtaken China as the largest source of net migration to Australia, and its diaspora is the third largest Down Under, just behind China and the U.K.

India’s swelling population -- set to overtake China’s in 2027 -- suggests ongoing opportunities for Australia to diversify a trade portfolio