The India-Australia bilateral relationship has undergone evolution in recent years, developing along a positive track, into a strategic partnership. The two nations have much in common, underpinned by shared values of a pluralistic, Westminster-style democracies, Commonwealth traditions, expanding economic engagement and increasing high level interaction.
India is the 5th largest trade partner of Australia with trade in goods and services at A$ 29 billion representing 3.6% share of the total Australian trade in 2017-18, with export at A$ 8 billion and import at A$ 21 billion.
The Indian community in Australia continues to grow in size and importance, with the population of nearly half seven lakhs. India is one of the top sources of skilled immigrants to Australia. There is a constant flow of students and tourists from India. India is now the third largest source of immigrants to Australia, after UK and New Zealand and the largest source of skilled professionals for Australia.