India- Australia signed economic cooperation and Trade agreement on 2nd April 2022 to boost bilateral trade. This aims to double the trade value from 27 billion dollar to 45-50 billion dollar in the next 5 years.
1) 96.4% of Indian exports to Australia will be duty free and 85% for Australia.
2) India’s agriculture and dairy items, most of medical devices , iron ore, gold, platinum, jewellery and silver have been excluded.
3) Indian firms providing technical services Will be barred from taxation on offshore income.
stock investment 