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Trade between the two countries grew from $4 billion in 2000 to more than $20 billion last year. India is Australia's fourth-biggest market, and trade is expected to double to $40 billion by 2015. "Indian investment approvals in Australia grew last year alone to over $11 billion. This is a one hundred-fold increase from 10 years ago," Gillard told the business leaders. Australian universities are trying hard to entice Indian students to return to Australia to pursue college or professional degrees. The number of Indian students studying in Australia fell after a series of racial attacks that spiked in 2009. Gillard also announced that Australia will confer its highest civilian honor, the Order of Australia, on Indian cricket wizard Sachin Tendulkar, a decision that will go down well in cricket-mad India. "This is a very special honor that is very rarely awarded to someone who is not an Australian citizen," Gillard said.
[Associated
Press;
Copyright 2012 The Associated
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