Australia's economic engagement with India is underpinned by the India Economic Strategy (IES), which was authored by Mr Peter Varghese, former Secretary of the Department of Foreign Affairs and Trade (2012-2016) and High Commissioner to India (2009-2012). The IES was presented as an independent report to the Australian Government in July 2018. In November 2018, the Australian Government released its response to the IES setting out an initial implementation plan.

The following IES Sector Snapshots provide an overview of key sectoral opportunities for Australian businesses.