India is the world’s fastest growing major economy, with an average annual growth rate of 6.4 per cent for the past two decades.1 That’s impressive for any country – but for a country the size of India, it’s truly remarkable. To put it in context: India is adding the equivalent of the New Zealand economy to its national GDP each year. Now the fifth largest economy in the world, this rapid growth rate means India is projected to jump to third by 2030 – behind only the United States and China.2 What this means for Australia is that we have a once-in-a-generation opportunity to benefit from – and contribute to – India’s growth story. Our economies are growing in ways that are complementary, and we have been hard at work to set the stage for success.
