"Australia and India's strong bilateral relationship is based on mutual understanding and trust, a commitment to democracy, and a shared vision of an open, inclusive, resilient and prosperous Indo-Pacific," he said.
Monday's summit follows the historic first virtual summit of June 4, 2020 when the India-Australia relationship was elevated to a 'Comprehensive Strategic Partnership'.
"Prime Minister Modi and I will discuss deepening our trade and investment relationship and harnessing new economic opportunities to support our mutual economic recovery and growth," Morrison said.
"Central to these endeavours are strengthened cooperation in defence and security, science and technology, and critical minerals and clean energy," he said.