The real winner of all this is India in the long term.I don't think Australia has such a serious problem as some people think. Quad (US) strategy is to promote India's growth so that they can redirect some of the lost exports to india. Yes I know that this will take some time but it will happen. I expect India in 2021-2023 will approve a major infrastructure program which will boost Australia's exports.
That's why the West will turn a blind eye to India's growing nationalist authoritative regime. This is a life or death battle for the US, so they will try to help Modi as much as possible. Expect rising tariffs or bans for products imported from China so that they can boost their industries and to ensure that foreign money wont flow to China
India has a very strong hand to play currently, cant wait to see how much they milk the Americans
US China conflict is here to stay for the next decade or more. Modi is becoming more authoritative; clamping down on dissent and freedom. That’s what’s needed to do nation building in a chaotic country like India. India will grow. That’s almost guaranteed. The West will help it grow and provide it with plenty of technology and support.