Lower Australian dollar – good news for India

15-Sep-2015 # Australia and NZ Source: The Hindu

Many Australians watching the finance segments on television are probably horrified or shocked by the news that the Australian dollar is trading around $0.71  and view it as bad news. But that is far from the real truth.

A lower Australian dollar is a good news for many Indians, India’s economy as well as Australian Companies.

About 0.22 million Indians have visited Australia in last few months and have contributed $1 billion to the Australian economy. As a result, India was ranked as the 10th largest market spending in Australia.

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