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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
India, Australia at highest point of bilateral ties: Aust...
2026-04-25 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Australian High Commissioner to India Philip Green

Australian High Commissioner to India Philip Green | Photo Credit: KVS GIRI

Philip Green, High Commissioner of Australia to India, said that both nations are at the highest point of their bilateral relations.

Green, while talking to ANI, said that the nations are strategically aligned through the QUAD and bilaterally have a vision for the Indo-Pacific.

"We're at the highest point of our bilateral relations... We are deeply strategically aligned through the QUAD and bilaterally have a vision for the Indo-Pacific. We have a very strong complementary economy... the other part of our relationship is what we call the human bridge. More than a million people who call Australia their home are making a huge contribution to our bilateral relationship."

Brigadier Damian Hill, Head of Australian Defence Staff in India, echoed Green and said, "We have long-standing ties. We're about 4 years into the Comprehensive Strategic Partnership, but our ties are much greater and much longer than that."

As the Middle East situation continues to ripple through the world economy in a trough, Green said that Australia has called for a de-escalation.

"The Australian government is calling for de-escalation in the Strait of Hormuz and across the whole theatre in West Asia. This is causing ripples, shockwaves around the world. It's being felt in Australia; it's being felt here in India. For us, the negotiation process is very important and the sooner that the parties can come to a conclusion and we can resume more normal traffic through the Strait of Hormuz, the better for all of us," he said.

Hill said that peace in the region will result in peace in the Indo-Pacific too.

"We're seeking to de-escalate. We're after a peaceful and prosperous Indo-Pacific that enables us all to live in peace... we're looking for it to stabilise because it's in the best interests of the globe, that we are as peaceful a community as we can be, and indeed it impacts the globe. It doesn't just impact those in Asia or in the Middle East; it impacts everyone globally," Hill told ANI.

Earlier on April 18, Australian Prime Minister Anthony Albanese called for de-escalation in West Asia and the reopening of the critical Strait of Hormuz, stressing the need to keep the route free from tolls and privatisation amid the ongoing conflict.

Published on April 25, 2026