INDIA - AUS OPPORTUNITIES

<h5>CONNECTED TO ASIA</h5>Australia is geographically close to and has longstanding trade, investment and cultural links with the fast-growing Asia-Pacific region...<a href='#connected'>Know More ></a>

CONNECTED TO ASIA
Australia is geographically close to and has longstanding trade, investment and cultural links with the fast-growing Asia-Pacific region...Know More >

<h5>EASE OF DOING BUSINESS</h5>Doing business in Australia is easier than in most other countries. With one of the most transparent and well-regulated business...<a href='#business'>Know More ></a>

EASE OF DOING BUSINESS
Doing business in Australia is easier than in most other countries. With one of the most transparent and well-regulated business...Know More >

24th year of uninterrupted annual growth
Australia’s economic resilience and potential provide a safe, low-risk environment in which to do business.
The Australian economy is:
  • the world’s 13th largest
  • entering its 24th year of uninterrupted annual growth
  • rated triple ‘A’ by all three global rating agencies
  • forecast to have average annual real GDP growth of 3.0 per cent between 2015 and 2019
  • increasingly tied to fast-growing economies in Asia
  • supported by high productivity levels, with 16 out of 20 industries rating above the global average
  • diversified and services-based
  • an important contributor to five sectors expected to drive future global growth: agribusiness, education, tourism, mining and wealth management
  • home to the world's third largest pool of funds under management and the largest in the Asian region.

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Source: Australian Government – Austrade Website
An innovative economy
Australia is a world-class innovation destination, with solid foundations of modern ICT infrastructure, high levels of investment, generous R&D tax incentives for businesses and strong intellectual property protection.
As an innovative economy, Australia supports:
  • high-quality research outcomes
  • rapid growth in business expenditure on R&D
  • expenditure on R&D similar to that of other leading innovative countries, such as the USA, Japan and France
  • growth in gross expenditure on R&D at twice the OECD average
  • some of the world’s best academic and research institutions.
Australia is a leader in the development of new technologies like the bionic eye. Billions of people around the world rely on Australian discoveries, such as Google Maps, high-speed WiFi, spray-on skin for burns victims, cervical cancer vaccine, ultrasound, cochlear implants and civilian use of penicillin.

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Source: Australian Government – Austrade Website
Talented workforce
The Australian labour force is one of the most educated, multicultural and multilingual in the world.
Australia:
  • has the world’s highest secondary education enrolment rate
  • has almost 40 per cent of the workforce holding a tertiary qualification or advanced diploma
  • is expected to outperform many other developed countries for labour productivity growth in terms of GDP per person employed
  • More than a quarter of Australia’s labour force of 12.4 million people was born overseas.
Australia is the fourth most popular study destination for international students and a ‘first choice’ education destination within the Asian region.

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Source: Australian Government – Austrade Website
Connected to Asia
Australia is geographically close to and has longstanding trade, investment and cultural links with the fast-growing Asia-Pacific region.
Australia has an open trading economy.
  • Two-way trade in goods and services in 2013-14 totalled A$669 billion (42 per cent of GDP).
  • Ten of Australia’s top 12 goods and services export markets were in the Asia region in 2013-14.
  • Asia represented over 70 per cent of Australia’s total two-way merchandise trade in 2013-14.
  • Foreign investment stock totals A$2.6 trillion.
  • Australia's inward foreign direct investment (FDI) stock reached A$630 billion in 2013, up 40 per cent from 2008 figures.
  • The USA and UK remain the strongest sources of FDI, but investment from Asia is increasing.
  • Record numbers of overseas short-term visitors.

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Source: Australian Government – Austrade Website
Ease of doing business
Doing business in Australia is easier than in most other countries. With one of the most transparent and well-regulated business environments in the world, Australia’s political stability and regulatory framework provides investors with confidence and security.
For six years in a row, Australia has been ranked third on the Index of Economic Freedom. It is ranked 10th for ease of doing business and fourth when compared to economies with a large population.
Australia's financial services sector has:
  • assets of almost A$6.4 trillion, over four times Australia’s nominal GDP
  • the world’s fourth largest superannuation system
  • strong financial market turnover
  • the largest liquid stock market in the Asian region, outside Japan.

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Source: Australian Government – Austrade Website