Word Count : 623

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Since the 1990s, Australia and India have deepened their economic and security cooperation, largely driven by mutual strategic interests and growing bilateral ties. The two countries have evolved from being distant partners to key allies in the Indo-Pacific region, sharing common values such as democracy, rule of law, and a commitment to a free and open international order.

In the economic domain, the 1990s marked a turning point in Australia-India relations. India's economic liberalization in 1991, which included market reforms, trade liberalization, and the opening up of key sectors to foreign investment, provided opportunities for Australia. The economic reforms in India were seen as an opening for Australian businesses, particularly in the sectors of mining, energy, education, and information technology. Australia, rich in natural resources, found a growing demand in India for minerals, coal, and other raw materials, while Australia also began to see the potential for exporting agricultural products, machinery, and technology to India.

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