Boosting bilateral ties, India and Austria have set up a bilateral fast-track mechanism (FTM) to facilitate investments between the two countries. The FTM provides a dedicated platform for Austrian companies and investors in India, as well as Indian companies and investors in Austria, to facilitate investments, address issues and ensure their timely resolution. It was signed and made operational during the India-Austria Business Forum meet. 

Moreover, both sides explored opportunities for cooperation in different sectors during the India-Austria Joint Economic Commission (IAJEC) meeting. They explored corporation in sectors such as infrastructure (automotive, railways and road transport), scientific research, dual vocational training, startups, tourism, semiconductors, critical minerals, digitalisation and artificial intelligence, and film funding.

In Calendar Year 2024/2025, the bilateral trade between India and Austria stood at around $3.06 billion. During the period, the India exported merchandise and services worth around $1.59 billion to Austria, while it imported merchandise and services worth around $1.48 billion from Austria. Further, around 160 Austrian firms are operating in India.