The development comes as both countries mark the third anniversary of the Ind-Aus ECTA, and implies a direct improvement in price competitiveness for Indian exporters against suppliers from other countries.
Labour-intensive sectors, including textiles and leather, are expected to be the biggest beneficiaries, as tariff removal lowers entry barriers and expands demand.
In a post on microblogging platform X, Indian Commerce and Industry Minister Piyush Goyal said the agreement has translated ‘intent into impact’, delivering sustained export growth, wider market access and stronger supply-chain resilience for Indian businesses, including micro, small and medium enterprises (MSMEs), farmers and workers.
He said India’s exports to Australia grew by 8 per cent in fiscal 2024-25, helping improve India’s trade balance. Strong gains were recorded across manufacturing, chemicals, textiles, plastics, pharmaceuticals, petroleum products, and gems and jewellery. Agricultural exports also saw broad-based growth.
ALCHEMPro News Desk (DS)
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