India and Australia inked a key pact on Saturday to boost economic ties. The bilateral trade between the two countries is expected to rise from existing 27 billion USD to 45 billion USD in the next five years. Prime Minister Narendra Modi and his Australian counterpart Scott Morrison attended the virtual event.
This is the third time in the last few weeks that PM Modi has met Australia’s Morrison virtually. PM Modi: “Consensus on such an important agreement in such a short period of time shows mutual trust”.
India’s minister for railways tweeted: “We are opening new gateways for our businesses and people to take the fast-lane to greater prosperity”.
