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ABC News
ABC News
Business

Australia eyes opportunity with India's rising middle class, growing population with trade agreement

United Nations India Australia Lucy Cooper
The UN expects India to surpass China as the world's most populous country this year with more than 1.4 billion people. (Reuters: Rupak De Chowdhuri)

India is on the cusp of becoming the world's most populous country, and it could spell new opportunities for trade and exports from Australia.

Australia's current relationship with India is changing and it is a shift that has been accelerated by a recent free-trade agreement signing — the first India has signed with a western nation.

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