Melbourne, July 9 -- Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese on Thursday (local time) participated in the India-Australia CEO Forum and Economic Roadmap Business Reception in Melbourne, where the two leaders reaffirmed their commitment to expanding bilateral trade, investment and business cooperation.

Addressing business leaders, PM Modi underscored the impact of the India-Australia Economic Cooperation and Trade Agreement (ECTA) on bilateral economic relations.

"The ECTA (Economic Cooperation and Trade Agreement) agreement, concluded in record time in 2022, has further strengthened our economic ties; since its implementation, exports from India to Australia have doubled, and businesses in both countr...