India and China are two large Asian giants in terms of trade and commerce. In terms of population both these countries together constitute two-third of world population. That’s more than half of world’s consumers.
By 2015, the target of bilateral trade between two nations is set to $100 billion. Currently, it is nearly $75 billion a year. However the balance of trade is not in favour of India.
This visit is probably going to solve this negative balance of trade as China is likely to allow trade in the areas of telecom and IT sectors which are the core strengths of India.
Chinese Premier Li Kequing brought with him a large delegate of top business leaders from China who are currently have meetings in Mumbai – Indian business capital.