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.