New Delhi, Sept. 25 -- India and Australia are looking to deepen economic ties beyond their existing trade agreement, with negotiations on a broader economic pact and a bilateral investment treaty (BIT) underway, Commerce and Industry Minister Piyush Goyal said on Friday.

The push comes as the two countries seek to build a broader economic partnership spanning investment, critical minerals, education, manufacturing and professional services, with bilateral trade in goods and services already worth $50.2 billion in 2025.

Addressing the Institute of Chartered Accountants of India's (ICAI) first Oceania International Conference 2026 in Australia, Goyal said India and Australia had decided to work towards a "very balanced, fair and equitabl...