Indian Investment: The Quiet Achiever Turns Up the Volume

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.