Australian government is expected to focus on education and tourism to take full advantage of India's widely expected transition into a global economic powerhouse, said Credit Suisse Australia chief investment strategist David McDonald.
According to News.com.au, McDonald said that Australia should focus on future growth industries as they offer job opportunities.
Australian government is hoping to secure a free trade agreement with India by the end of 2015.
University of NSW economist Tim Harcourt said that India will be quite competitive when it comes to education as the country is trying to forge relationships with Harvard and Caltech.
