“Universities fully support the government’s focus on growing our relationship with India, which has come on in leaps and bounds,” Universities Australia Chief Executive Catriona Jackson said.

“India wants to educate 500 million students by 2035. Our world-class universities are ready to help India meet their goal, giving as many people as possible the educational opportunities they deserve.

“This agreement brings Australia and India even closer together and will deliver more economic benefits and strengthen our deep education and research ties for the benefit of both countries.

“With more than 450 formal partnerships in place between our universities and around 70,000 Indian students studying in Australia, we have a strong platform to build from. We can and must do more.

“More skilled workers and more research and development is what we need to keep pace in a changing world, and universities here and in India can help with that.

“Education is already our largest services export and closer connections with India will only boost the significant contribution it makes to our economy and social cohesion.

“We look forward to working closely with the Australian and Indian governments to achieve the best outcomes for universities and our nations under this agreement.”