India-China trade to reach US$100B by 2013

The trade between India and China is expected to achieve the US$100 billion by 2013, two years ahead of the target set in 2009, according to the countries governments. China has become India's largest country trading partner, while the latter is attaining the position of the former's 10th largest trade partner.

Possible growth exists in capital goods, machinery, infrastructure, information technology, organic chemicals, iron and steel, power, telecommunications, wind energy, food and marine products.

Trade volumes reached $61.7 billion in 2010. India's exports to China jumped 68.8 percent to $19.6 billion last financial year from $11.6 billion in 2009-10. Overall imports also increased 41 per cent to $43.5 billion from $30.8 billion in the same period.