…

MADE •• SUNIDHI
MUSKAN
BY : • AKSHITA
• SONAL
• KAMAKSHI
 INDIA TRADE
RELATION WITH AUSTRALIA
TRADE
the act or an instance of buying and selling
goods and services either on the domestic
(wholesale and retail) markets or on the
international (import, export, and entrepôt)
markets
DIFFERENCE
BETWEEEN
DOMESTIC TRADE
AND
INTERNATIONAL
TRADE.
 DOMESTIC TRADE
 Easier to move goods without
much restrictions. Maybe
need to pay sales tax,etc.
same type of currency used.
 limited market due to limits in
population, etc.
INTERNATIONAL TRADE
different countries use different
currencies.
Broader marketsRestricted due to
complicated custom procedures
and trade barriers like tariff, quotas
or embargo.
International currency is used.
 TRADE RELATION WITH
AUSTRALIA
Australia–India relations are the foreign relations between the
Commonwealth of Australia and the Republic of India. Before
independence, Australia and India were both part of the
British Empire. Both are members of the Commonwealth of Nations.
They also share political, economic, security, lingual and sporting
ties. As a result of British colonisation, cricket has emerged as a
strong cultural connection between the two nations, as well as the
English language. Military cooperation between Australia and India
includes the regular joint naval exercise AUSINDEX.[1]
HISTORICAL
TRADE
RELATION
Prior to colonisation
of Australia, there is
evidence of
ancient migration of Indians t
o Australia
around 4,000 to 5,000 years
ago based on DNA and
language development in
native Indians and
Indigenous Australians
according to some studies.[2]
The ties between Australia and India started immediately following
European settlement of Australia in 1788. On the founding of the
penal colony of New South Wales, all trade to and from the colony
was controlled by the British East India Company, although this
was widely flouted.[3] An early ship built in India from Calcutta, the
newly renamed Sydney Cove was marooned, with its cargo of rum,
off Tasmania, and the crew (including 12 Indian lascars) made a
journey in 1796 CE, initially rowing a long boat, and then a long
trek from Tasmania to Sydney, with only one Indian and two British
sailors surviving.[4][5]
The Western Australian town of Australind (est. 1841) is a
portmanteau word named after Australia and India.[6] Mangalore
city is present in both India and Australia (Mangalore, Karnataka,
Mangalore, Victoria and Mangalore, Queensland).[7] Australian
towns of Cervantes, Northampton and Madura (est. 1876) were
used for breeding cavalry horses for the British Indian Army during
the late 19th century.[8] The horses were used in the
North-West Frontier Province (now Pakistan).
In the early colonies, Indians were brought to Australia as
labourers and domestic workers, with migration being curtailed
after federation.[9] Gradual migration during the later years of the
White Australia policy saw workers moving to Australia especially
ADVANTAGES OF
INTERNATIONAL TRADE TO
INDIA AND AUSTRALIA
ADVANTAGES TO INDIA
International trade has ensured increasing sales and sales
potential in general.It is especially good for medium and large
businesses.
It has largely contributed towards the increase of profits.
The ongoing trade between india and Australia has helped India
tap export opportunities in both the countries in areas such as
garments, agriculture, and machinery.
Professor at INDIAN INSTITUTE OF FOREIGN TARDE (IIFT) Rakesh
Mohan Joshi said that india has broadly targeted intermediate
components from Australia, particularly machinery and electronics,
which is helping in increasing indian GDP growth.
ADVANTAGES TO AUSTRALIA
Australia’s trade liberalization has boosted Australia’s real GDP by
5.4 percent compared to where it otherwise would have been and
lifted the real income of Australian households by over $8,400 in
2016.
Approx. 1.5 ,million jobs in connection with exporting and 670,000
jobs in connection with important.
Contemporary consumer have unprecedented choice of products
including food and drinks.
Australia has a relatively small population.
ECONOMIC RELATIONS
While India was Australia's first major trading partner
with imports through the East India Company, exports
from Australia to India dates back to the late 18th
century and early 19th century, when coal from Sydney
and horses from New South Wales were exported to
India. As of 2016, bilateral trade between the two
countries totaled A$21.9 billion, having grown from
A$4.3 billion in 2003. Australian prime minister
Malcolm Turnbull said Australia and India's $20 billion
two-way trade was "a fraction of what we should aspire
to, given the many points of intersection between our
economies".[24] Trade is highly skewed towards Australia.
Australia mainly exports Coal, services (mainly
education), vegetables for consumer consumption, gold,
copper ores and concentrates, while India's chief exports
are refined petroleum, services (professional services
such as outsourcing), medicaments, pearls, gems and
jewelry.[25] Over 97,000 Indian students enrolled in
Australia in 2008, representing an education export of
A$2 billion.[26][23] The Census 2016 of Australia reveals it
is home to more migrants from Asia than from Europe[27]
]
MILITARY RELATIONS
India and Australia have a long history of
military relations, going back before
independence when Indian soldiers fought
alongside Australian soldiers in a number of
campaigns, including both World Wars, such
as the 15,000 Indian soldiers who fought
with Australians at Gallipoli.[35] Every two
years, Australia and India also conduct a
joint naval exercise in the Indian Ocean,
called AUSINDEX.[1]
After independence, Australia offered
military aid to India in 1963 in response to
the Sino-Indian War.[36]
In recent times, India and Australia
conducted a joint naval exercise, termed
Malabar 2007, in the Indian Ocean alongside
the US and Japan
ECONOMIC GROWTH
The term economic growth is associated with economic progress
and advancement.
Economic growth can be defined as an increase in the capacity of
an economy to produce goods and services within a specific period
of time.
In economics, economic growth refers to a long-term expansion in
the productive potential of the economy to satisfy the wants of
individuals in the society. Sustained economic growth of a country’
has a positive impact on the national income and level of
employment, which further results in higher living standards.
IMPACT ON ECONOMIC
GROWTH
Apart from this, it plays a vital role in stimulating government
finances by enhancing tax revenues. This enables the government
to earn extra income for the further development of an economy.
The economic growth of a country can be measured by comparing
the level of Gross National Product (GNP) of a year with the GNP of
the previous year. The economic growth of a country is possible if
strengths and weaknesses of the economy are properly analyzed.
Economic analysis provides an insight into the essentials of an
economy. It is a systematic process for determining the optimum
use of scarce resources and selecting the best alternative to
achieve the economic goal. Moreover, economic analysis helps in
assessing the causes of different economic problems, such as
inflation, depression, and economic instability. It is performed by
taking into consideration various economic variables, such as
demand, supply, prices, production cost, wages, labor, and capital
IMPORTANT FACTORS OF
ECONOMIC GROWTH
a) Human Resource
b) Natural Resources
c) Capital Formation
d) Techonological Development
e) Social and Political Factors
INDIA’S IMPORT AND
EXPORT
LIST OF IMPORTED GOODS
1) OIL
2) PRECIOUS STONES
3) ELECTRONICS
4) HEAVY MACHINERY
5) ORGANIC CHEMICALS
6) PLASTICS
7) ANIMAL AND VEGETABLE OIL
8) IRON AND STEEL
LIST OF EXPORTED GOODS
1) Mineral Fuels
2) Gems
3) Vehicles
4) Pharmaceuticals
5) Clothing
6) Iron
7) Steel
8) Electrical Machinery
FUTURE OF TRADE
RELATION
There is no doubt that India-Australia economic
relations will stay close and strong.But over the
years, India has reduced the economic distance
between the Australia and itself. As the fastest
economy with the favourable demography, india has
very chance of becoming one of the three richest
countries alongwith USA and China. Ofcourse in per
capita terms it will be middle income country for the
next 25 years. The Australia will remain a high
income economy among the G-7.It is also a highly
innovative economy as itss progress in fintech
shows. British universities are research and
ACKNOWLEDGEMENT
We would like to express our special thanks of gratitude to our
Business Studies teacher “MISS REENA” for her guidance and
support in completing our presentation.

Secondly we would also like to thank our “PARENTS” and

“FRIENDS” who helped us a lot in finalizing this presentation
within the limited Time frame.

CLASS- 11th
L
BIBLIOGRAPHY
THE CONTENT FOR THIS PROJECT HAS BEEN TAKEN FROM THE
FOLLOWING SOURCES:
www.Wikipedia.com
www.google.com
www.Investopedia.com
www.timesofindia.com
TEACHERS REMARK