India and Australia share common values, complementary economies and strong people to people links that make them ideal trade partners as well as strategic allies. Analyse.

Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

3. India and Australia share common values, complementary economies and strong people to people links that make them ideal trade partners as well as strategic allies. Analyse. (250 words)

Difficulty level: Moderate

Reference: The HinduInsights on India

Why the question:

Prime Minister Anthony Albanese’s administration that assumed office a little over a month after his predecessor and now Leader of Opposition Scott Morrison signed the Economic Cooperation and Trade Agreement (ECTA) with India, has steered its ratification through Parliament.

Key Demand of the question:

To write about the various facets of India-Australia relations especially with respect to space, critical minerals, strategic research, people-to-people links, security and stability of the Indo-Pacific.

Directive word: 

Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.

Structure of the answer:

Introduction: 

Start with brief background of the context of the question.

Body:

First, write about the various aspects of growing trade between India and Australia – recently introduced Update to Australia’s India Economic Strategy, space, critical minerals, strategic research and people-to-people links to boost cooperation with India, business engagement and an increased Australian presence in India etc.

Next, write about security in the Indo-pacific – formation of AUKUS, QUAD and overall aspect of China.

Next, write about various bottlenecks in bilateral ties between both the nations.

Conclusion:

Suggest way forward and conclude.