REFERENCES

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Glossary of Acronyms and Abbreviations

AAS
Australian Academy of Science
ABWI
Australia Business Week in India
ACER
Australian Council for Educational Research
ACIAR
Australian Centre for International Agricultural Research
ADF
Australia Defence Force
AISRF
Australia-India Strategic Research Fund
AIBC
Australia India Business Council
AIEC
Australia India Education Council
AILD
Australia India Leadership Dialogue
AIU
Association of Indian Universities
APEC
Asia-Pacific Economic Cooperation
APMC
Agricultural Produce Market Committee
ARFP
Asia Region Funds Passport
ASA
air service agreements
ASADA
Australian Sports Anti-Doping Authority
ASEAN
Association of Southeast Asian Nations
ASIC
Australian Securities and Investments Commission
ASX
Australian Securities Exchange
AVCA
Audio Visual Coproduction Agreement
BCA
Business Council of Australia
BCM
billion cubic metres
BIT
bilateral investment treaty
BOM
Bureau of Meteorology
BRIC
Brazil, Russia, India and China
BSE
Bombay Stock Exchange
CAGR
compound annual growth rate
CECA
Comprehensive Economic Cooperation Agreement
CERT
Computer Emergency Response Team
CII
Confederation of Indian Industries
CLIC
Climate Information Centres
CMND
Communicable, maternal and nutritional diseases
CSIRO
Commonwealth Scientific and Industrial Research Organisation
DAWR
Department of Agriculture and Water Resources
DIPP
Department of Industrial Policy and Promotion's
DPP 16
Defence Procurement Policy 2016
EAS
East Asian Summit
Efic
Export Finance and Insurance Corporation
FDI
foreign direct investment
FICCI
Federation of Indian Chambers of Commerce and Industry
FPI
foreign portfolio investment
FSANZ
Food Standards Australia New Zealand
FTA
free trade agreement
GCI
Global Competitiveness Index
GDP
gross domestic product
GITA
Global Innovation Technology Alliance
GSDP
gross state domestic product
GST
goods and services tax
GVA
gross value add
GW
gigawatt
HELE
High Efficiency, Low Emissions
HNWI
high net worth individuals
IAS
Indian Administrative Service
ICEWaRM
International Centre of Excellence in Water Resources Management
IEA
International Energy Agency
IFC
International Finance Corporation
IIMs
Indian Institutes of Management
IITB
Indian Institute of Technology Bombay
IIT-ISM
Indian Institute of Technology – Indian School of Mines
IITs
Indian Institutes of Technology
IP
intellectual property
ISA
International Solar Alliance
ISDS
investor-state dispute settlement
ISO
International Organisation for Standardisation
IST
International Skills Training
kWh
kilowatt hours
LNG
liquefied natural gas
MCA
Minerals Council of Australia
METS
mining equipment, technologies and services
MICE
Meetings, Incentives, Conferences and Exhibitions
MOOCs
massive open online courses
MoU
memorandum of understanding
MT
million tonne
MTP
Medtech, Biotech and Pharmaceutical
MW
megawatts
NASSCOM
National Association of Software and Services Companies
NCD
Non-communicable diseases
NCERT
National Council of Education and Training
NCP
New Colombo Plan
NCR
National Capital Region
NITI
Aayog National Institute for Transforming India
NPA
non-performing asset
NSE
National Stock Exchange
NSVA
net state value added
ODA
official development assistance
OECD
Organisation for Economic Co-operation and Development
PDV
production, digital and visual effects
PHWR
pressurised heavy-water reactors
PPP
purchasing power parity
PSUs
public sector undertakings
RBI
Reserve Bank of India
RCEP
Regional Comprehensive Economic Partnership
REIT
real estate investment trusts
ROBE
Riverina Oils and Bio Energy
RTO
registered training organisation
SAGE
Science in Australia Gender Equality
SEBI
Securities and Exchange Board of India
SIMTARS
Safety in Mines, Testing and Research Station
SME
small and medium enterprises
STEMM
science, technology, engineering, mathematics and medicine
TCS
Tata Consulting Services
TFR
total fertility rate
TGA
Therapeutic Goods Administration
TVET
technical and vocational education and training
UDAY
Ujwal Discom Assurance Yojana
UNESCO
United Nations Educational, Scientific and Cultural Organisation
VET
vocational education and training
VFR
visiting friends and relatives
VU
Victoria University
WTO
World Trade Organization

List of Figures

Figure 1: The organising principles of the India Economic Strategy

Figure 2: Shares of world GDP and population (G20 countries)

Figure 3: India's GDP growth

Figure 4: Drivers of India's long term growth

Figure 5: Share of world GDP projections (PPP)

Figure 6: Sectoral shares of the Indian economy

Figure 7: BRIC working age population shares

Figure 8: BRIC urbanisation rates

Figure 9: Investment and Savings to GDP

Figure 10: Top 10 source countries of migrants by citizenship 2016–17

Figure 11: Australia's long term growth

Figure 12: Global Benchmarking of Indian Trade & Direct Investments to GDP

Figure 13: Financial Integration over Time: Direct and portfolio assets and liabilities

Figure 14: Investment Rate

Figure 15: Indian Non-Performing Loans

Figure 16: Indian Commercial Credit to Commercial Sector

Figure 17: Estimated Internal Rate of Return, Risk and Liquidity of Asian Infrastructure Markets, 2017

Figure 18: Net Inwards Foreign Direct Investment Stock, USD billion

Figure 19: Year-on-year Growth, Net Direct Investment Stocks

Figure 20: Australian Capex in India by Sector (January 2003 – September 2017)

Figure 21: Indian Capex in Australia by Sector (January 2003 – September 2017)

Figure 22: Portfolio Investment, Net Foreign Stocks

Figure 23: Australian Portfolio Investment in India

Figure 24: Steel usage intensity 1950 to 2017: high intensity path countries and India

Figure 25: Australia's good and services exports to India 2016–17 ($ million)

Figure 26: Indian coal demand

Figure 27: Economic opportunities of India's key sectors and states

Figure 28: Gross State Domestic Product and Per Capita Income (2016–17)

Figure 29: People claiming Indian ancestry by Australian State

Figure 30: Indian languages spoken in Australia

Figure 31: Indian migration to Australia

Figure 32: Indian-Born employees and entrepreneurs by industry

Figure 33: Indian student enrolments in higher education by level of study

Figure 34: Indian student enrolments in higher education by broad field of education

Figure 35: Changes in bilateral trade and investment and Indian-Australian diaspora population

List of Tables

Table 1: Australian Investment Abroad Direct Stocks, Selected Countries: 2016

Table 2: Resources and METS key commodities out to 2035

Table 3: Agribusiness export opportunities to 2035

Table 4: Energy export opportunities out to 2035

Table 5: Health export opportunities out to 2035

Table 6: Transport infrastructure export opportunities out to 2035

Table 7: Residual demand for urban infrastructure and services

Table 8: Urban development export opportunities out to 2035

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appendix 3 PUBLIC CONSULTATIONS