India expects bilateral trade with Australia to exceed $45 billion in 5 years

FILE PHOTO – A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave

NEW DELHI (Reuters) – India expects total bilateral trade with Australia of around $45 billion to $50 billion over the next 5 years, a trade ministry official said on Tuesday.

Annual goods and services trade between the two countries stand at $31 billion at present, according to the Indian government.


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