According to india economic strategy 2035, India is already in the first tier of Australia's diplomatic relations. Australian business has long put India in the 'too hard' basket. There are three overriding reasons why this must change: scale, complementary economies and spreading risk. (Source: https://www.dfat.gov.au/geo/india/ies/overview.html)

The Covid 19 pandemic occurred in 2020 and it changed everything.