Business

“India has produced double the amount of unicorns that China has in the past year” – Barry O’Farrell

This week leaders from Australia and India convened in Adelaide to further extend relationships across both countries.

The world is facing a tumultuous time – its economies are volatile and most nations face higher inflation. How well are the economies of India and Australia recovering from COVID’s effects?

Furthermore, how might entrepreneurs from India, Australia and the world navigate towards hope? 

Barry O’Farrell, Former Australian High-Commissioner to India and Former Premier of New South Wales, observed the strong outlook for India and it’s growing positive influence in Australia, stating that India was “strongly pursuing investment in education, with a median working age of 28 years, it has produced double the amount of unicorns that China has in the past year”. 

O’Farrell also added that both “One in four degrees in Australia will be given to an Indian migrant, and that one in four migrants in Australia are and will be Indian”

Speakers at the session on enterprises in Australia and India included:

  • Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange of India (NSE), India
  • Grace Mathew, Managing Director, WeThink Group, Australia
  • Barry O’Farrell, Former Australian High-Commissioner to India; Former Premier of New South Wales, Australia
  • R Mukundan, Chief Executive Officer, Tata Chemicals, India
  • Andrew Kay, Chief Executive Officer, Business SA, Australia

In 2022, India was Australia’s sixth-largest two-way goods and services trading partner and fourth-largest goods and services export market.  Over 85 per cent of Australian goods exports by value to India are now tariff free, rising to 90 per cent by 1 January 2026, and high tariffs have been reduced on some further agricultural products.

In addition, 96 per cent of imports from India are now tariff free, rising to 100 per cent by 2026.

Featured photo of Barry O’Farrell

Sociable Team

Recent Posts

CTO Spotlight: 15 Innovators to Watch Who Are Building the Next Generation of Products

If a CEO is the head of the company, then chief technology officers (CTOs) are…

7 hours ago

Why this tech startup has invested heavily in leadership talent ahead of 2025 

The past couple of years have seen GenAI evolve at a phenomenal pace. As we…

11 hours ago

From Azerbaijan to San Francisco: This pet tech founder is on mission to revolutionize pet care at TechCrunch Disrupt 2024

TechCrunch Disrupt is scheduled to take place in San Francisco from October 28 to October…

5 days ago

Horasis Global Meeting 2024: The Sociable’s 18 Influential Speakers You Can’t Miss

This weekend, October 25-27, Horasis Global Meeting will visit Latin America for the first time,…

5 days ago

‘The Great Reset’ co-author Thierry Malleret discusses his latest thriller ‘Deaths at Davos’ & his collaborations with WEF founder Klaus Schwab

"COVID-19: The Great Reset" co-author Dr. Thierry Malleret sits down to discuss his latest thriller…

6 days ago

Kryterion enhances Japan operations for improved client service delivery

Kryterion Inc. announces the expansion of its Japan operations in an exciting move that will…

6 days ago