India Market Update

Join TSBE’s SQ Export Hub at our upcoming India Market Update lunch supported by Trade & Investment Queensland.

India is an influential global player, with a population over 1.334 billion. Although categorized as a developing nation, the powerhouse is home to the world’s sixth largest economy with predictions to be in third place by 2030. Major reforms and encouragement of pro-business policies by the world’s largest democratic government has enabled urbanization across India to set the tone for bilateral trade. For Queensland, India is our fourth largest two-way trading partner and our fourth largest export market.

India’s emphasis on modernization, consumerism, capability development, skill and capacity building as part of their COVID-19 recovery plan, sets to grow their economy into a new age. As the world’s third largest economy in terms of purchasing power parity, India has been dubbed the “new China”. This position is attractive for Australian exporters due to a fast growing and increasingly affluent consumer market and an appetite for Australia’s premium products and services.

Private-public partnership models are evolving across the telecoms and infrastructure space, with e-commerce and e-learning rapidly growing. Opportunities in education remain strong and imports of year-round fresh fruits and vegetables are in demand.

This lunch will provide market insights for our Oil, Gas and Energy Resource sectors and Food & Agribusiness sectors who are looking to capture new business opportunities in India.

Attendees will hear a keynote address from Abhinav Bhatia, Senior Trade & Investment Commissioner – South Asia, Trade & Investment Queensland. The lunch will also feature a panel discussion between Michael Brittain, Division Head – Australia, AGT Foods Australia and Abhinav Bhatia.