Hindi Cheeni Bhai Bhai
China to be India’s largest trading partner. :- Shri Kamal Nath, Minister of Commerce and Industry, has said that China is poised to become India’s largest trading partner in two or three years if the rapid growth in bilateral trade seen lately is maintained. While trade between the two countries had increased rapidly, crossing the 12 billion dollar mark this year – up from less than 1 billion dollars a decade ago - , Shri Kamal Nath made two suggestions for further augmenting the bilateral flow of trade and investment. One, the composition of the export basket needs to change to make it more broad-based in favour of higher value-added items, especially for India’s exports in sectors like drugs and pharmaceuticals and chemicals as well as in service sectors like information technology, tourism, banking etc. And secondly, there should be greater focus on investment flows between India and China.