India is the world’s largest democracy and Queensland’s fourth-largest trading partner.

Economy

Predicted to be the world’s third-largest economy by 2030, India is undergoing major reforms and embracing pro-business policies to drive its large-scale development program.

Characterised by scale, skill and speed (the ‘3S’ approach), successful business ventures in India are typically either high-volume/low-margin or provide niche products or services.

Trade

Engaging with India requires a long-term strategic focus and commitment.

Rapid urbanisation of 300 million people by 2050 will change the Indian market’s appetite for sophisticated goods and services in the next 5 years.

Public-private partnership models are evolving with the advent of private participation, particularly in telecoms and infrastructure.

Ecommerce is a rapid-growth sector and the e-learning industry is set to grow to US$2 billion by 2021.

India is poised to grow its economy, with a strong focus on modernisation, consumerism, capability development, and skill and capacity building, which bring significant opportunities for Queensland across diverse sectors.

Resources

View the relevant library resources below:

Solar farm in India

India opportunities

CurrentLong-term

Current

  • Coal – both exports and energy development in-market
  • Infrastructure – urban design, architecture, housing, precincts
  • Education and skills training
  • Processed food, horticulture and agricultural technology
  • Mining equipment, technology and services
  • ICT- and health-focused innovation and research collaborations
  • Business incubation hubs

Long-term

  • Sustainable food
  • Professional services
  • Education and training
  • Research and development
  • Sports, entertainment, health, infrastructure and services
  • Renewable energy technology
  • Franchising and services – food
  • Water and environment
  • Digitalisation and schools outreach
  • Infrastructure – interconnectivity
  • Advanced health care, life sciences and tropical expertise
  • Agriculture automation, storage
  • Sports, tourism and mass transit