In the long history of bilateral ties between Australia and India, relations have generally been warm between the two nations.
, relations have generally been warm between the two nations. In more recent years, amid the rise of India as one of theand the growing Indian migrant population in Australia, the relationship between New Delhi and Canberra has taken on an even greater degree of importance.“You have brought the spirit of the world’s biggest democracy to Australia,” Mr Albanese said of his “dear friend”.
As of the latest data from the IMF, the Chinese economy is approximately 5.1 times larger than the Indian economy. China’s meteoric rise to become the second largest economy in the world saw demand for global commodities skyrocket, as the Chinese economy underwent the fastest industrialisation and urbanisation of a society in history.
In net terms, India has been a net exporter of iron ore several times in recent years and imports a minimal amount overall. As things currently stand, Australia’s most valuable export to India is coking coal, which is used to fire blast furnaces to make steel. In 2021 India imported 56 million tons of coking coal from Australia, representing 84.8 per cent of its total imports.
The New Acland Mine has extracted coal for the first time from the Queensland Government approved Stage 3 site. Picture: New Hope Group
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