India is in a hope to develop a very "ambitious" relationship with China, according to India's new ambassador to the local press.
AmbassadorS. Jaishankar expressed optimism towards the momentum in the development of Sino-Indian relations, describing it as a "very good story" characterized by booming trade, regular contacts between State leaders as well as rising interaction between the people.
China is India's largest trading partner, and bilateral trade is set to surpass $60 billion next year, a 30-fold jump from 2000.
He added that the two countries had set a trade target of $40 billion for 2010 during President Hu Jintao's visit to India in November 2006. "But we met the target much faster than we had expected," he said.
The substance of the relationship should be enriched by means of broadening the variety of India's exports to China, he said. Currently, India mostly exports raw materials and commodities, such as leather and jewelry to China, while China's main exports include petrochemical products, textiles and machinery.
