The significance of India's growth as a global economic powerhouse has
been comparatively overlooked in Australia. Among the fast-emerging
economies, China with its more aggressive, acquisitive approach has
indisputably hogged the limelight. The relationship between Australia
and India may have been stuck previously on the three Cs – curry,
cricket and Commonwealth – but that's quickly changing as steelmakers,
information and communications players from the subcontinent spy
opportunities Down Under. Thanks to intense pressure for energy
security, India's investment in Australia is starting to surge. And the
untapped coal resource in Queensland's Galilee Basin is a hotspot, as
Indian interests look to share resources with the world's richest woman,
Australian Gina Rinehart.