India-Australia Roadmap: Four Superhighways of Growth
Why in the news
Australia voiced support for India’s economic rise and unveiled a roadmap to deepen trade, investment and strategic ties.
Key facts
- Australia backs India’s bid for a permanent UNSC seat.
- Trade growth is credited mainly to the Economic Cooperation and Trade Agreement (ECTA).
- About 1 million Indian diaspora members make up Australia’s fastest growing population group.
- Australia is giving ₹132 crore to the Centre for Australia India Relations and ₹22 crore to the Maitri grants programme.
Four Superhighways of Growth
| Sector | Focus |
|---|---|
| Clean energy | Australian lithium, nickel and cobalt for India’s green transition and EV goals |
| Education and skills | Australian universities in India (GIFT City, Noida) to skill 20 million Indians yearly |
| Agribusiness | Food security and trade via sustainable farming |
| Tourism | Cultural ties and travel |
Way forward
- Seven ‘Major Economic Roads’ span investment, technology, sports, arts and culture, resources, defence, space and health.
- Progress on the CECA is seen as vital for market access and deeper collaboration.
Exam angle
- Existing pact: ECTA; pending pact: CECA.
- Grant programme: Maitri grants.