"Well said" bump....I hope trade relations also increase between both countries. Both Australia and India are surrounded by radical islamist regimes. The future alliance in Asia will probably consist of USA, India, Australia, Japan, New Zealand, Phillipines, Thailand, and Taiwan.
I am not sure where the muslim "tiger economies" like Malaysia fit into this scheme though.
Good to comment about Thailand. If India and Thailand works together, that would strengthen the security of the Malacca Strait. While Thailand's Air Carrier has political problems, both India and Thailand are the few that operates Air Carriers. That means very much for both.
Malaysia is in fact a classical Muslim Third World nationalist country that is becoming dangerously anti-American since the 1980s - they believe in the universality of Asian values and not postmodern relativism. And one thing makes it more dangerous than anything like Bolivia, Nassar Egypt, or pre-Suharto Indeoesia: its leaders aren't so stupid as to forteiting market economic development altogether. It has a certain degree of economic freedom.
I think in the long term we better watch out Malaysia. I remember they were busily trying to garner Japan's supports in the 1990s (when it seemed US-Japanese relations were pretty distant), and now trying to curry favours with the PRC in the days when we see a renewed US-Japan military alliance.
Also Singapore, and possibly Vietnam. I think we can count Malaysia and Indonesia out of this alliance, though.