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One of the critical issues discussed at these events was the bilateral economic and strategic relations between the two countries, in particular the proposed Comprehensive Economic Cooperation Agreement (CECA). “We need to strengthen collaboration and invite sectoral insights to inform the negotiators going forward”, said Dipen Rughani, head of Newland Group. one of the three organisers of an event at the Consulate General of India in Sydney on February 2.

The fireside chat between Australia and India highlighted the three strategic drivers of their relationship: strategic alignment, economic complementarity, and the human bridge. The discussion focused on various aspects, including economic collaboration, cultural exchanges, regional security, and participation in global forums.

Experts agreed that the India-Australia Economic Cooperation and Trade Agreement (ECTA) was an important milestone in bilateral trade. Both sides deserved credit for sealing the deal, supported by political guidance from the highest levels. The early upward trends seen in levels of goods trade and a strong potential for greater services trade and business mobility were pointed out as positive signs.

While speaking on the issue of enabling innovative finance for MSMEs, Amar Patnaik highlighted the role of SIDBI, and indicated that a similar recommendation has been made by the Standing Committee on Finance.

Inclusive growth is imperative, and only by adopting a human-centric approach can adequate employment generation and skill enhancement be ensured in the Global South, according to Pradeep S. Mehta, Secretary General of CUTS International. Mehta made these remarks during an international webinar organized by CUTS International, which focused on the importance of skill development in a dynamic labor market. Experts at the event highlighted the challenges faced by developing economies in the Global South, such as a lack of synchronization between workforce skills and industry demands.