With a trade of about $ 75 billion , between India and China, there is deficit of more than $ 20 billion in favour of China. India and China have set up a target of $100 billion by 2015 of bilateral trade but the deficit is worrying India. India is seeking more market in pharmaceuticals and Information Technology sectors. During coming Chinese Premier visit beginning 19 May , there is a possibility of signing BCIM( Bangladesh-China-India-Myanmar) economic corridor and a regional trading arrangement. Agreement on micro irrigation and waste water management may also be signed. a relaxed visa regime for business person is also on the cards.
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