Journal Press India^®

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The economic relationship between India and Australia has become stronger, starting with the Strategic Partnership in 2009 and progressing to the Comprehensive Strategic Partnership in 2020 and the Economic Cooperation and Trade Agreement in 2022. In this context, the current study aims to investigate India’s bilateral trade with Australia from 2018 to 2022. Based on a 10-year YoY and 5-year CAGR analysis, the empirical results indicate rising trends of economic cooperation between these two countries. To assess India’s competitiveness with Australia, a Revealed Comparative Advantage (RCA) analysis has also been done. Seven out of the top ten products that Australia imports from India at HS 2 digit classification were determined to be competitive after an initial RCA analysis was carried out on them. Additionally, this analysis was done on the top 100 products at HS 6 digit classification, out of which 55 were determined to be competitive.

Keywords

India, Australia; Bilateral Trade; India’s competitiveness; Revealed Comparative Advantage

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