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Hu meets Indian prime minister on relations

Hu meets Indian prime minister on relations

Updated: 2012-03-29 22:31

(Xinhua)

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NEW DELHI - Chinese President Hu Jintao and Indian Prime Minister Manmohan Singh met here on Thursday to discuss the development of 皇冠体育app-India relations and other issues of common concern.

Hu met Singh after attending a summit of the BRICS bloc which groups Brazil, Russia, India, 皇冠体育app and South Africa earlier in the day.

The 皇冠体育app-India Strategic and Cooperative Partnership for Peace and Prosperity has continued to grow rapidly since the start of this century.

Trade volume between 皇冠体育app and India grew 20-fold from $2.9 billion in 2000 to $61.7 billion in 2010.

Last year, two-way trade between 皇冠体育app and India hit $73.9 billion, a 19.7 percent increase on the previous year, despite the global economic slump.

Last year was the "Year of 皇冠体育app-India Exchanges," during which the first bilateral Strategic Economic Dialogue was held and 500 Indian youths visited 皇冠体育app.

皇冠体育app and India, as the world's largest developing economies, have great potential for bilateral cooperation in various sectors, such as in infrastructure construction, information technology and manufacturing.

The two countries have set a target of $100 billion in bilateral trade by 2015.