At $18.71 billion, India-China bilateral trade during
calendar year 2005 registered quantum growth of 37.64
per cent over $13.59 billion in 2004 far closer
to the target of $20 billion target the two countries
had targeted reaching by 2008.
37.64 per cent the China''s growth in trade with india
is far ahead of its global trade growth of 23.2 per cent
exports to China grew by 27.47 per cent to $9.78 billion
in 2005, up from $7.67 billion n 2004, while Indian imports
from China rose 50.82 per cent to $8.93 billion in 2005
from $5.92 billion in 2004.
trade between the two Asian giants has been growing, (in
India-China trade was a mere $3 billion) India''s trade
surplus with China in 2005 had dropped by more than half
to $843.16 million from $1.74 billion in 2004.