With bilateral relations between China and India increasingly getting beneficial for both, experts from India's chamber of commerce forecast the trade goal set between the two countries may be achieved two years ahead of target.

Trade between China and India is currently very high, according to the Associated Chambers of Commerce and Industry of India, with current figures possibly hitting the $100-billion mark by 2013.

In 2010, trade volumes reached $61.7 billion total, according to the Business Standard. India's exports to China soared to $19.6 billion in the last financial year, or 68.8 per cent, from $11.6 billion in 2009-10. Overall imports likewise hiked 41 per cent to $43.5 billion from $30.8 billion in the same period.

With this, the two Asian nations may emerge as the world's largest trading partners by 2030, it added.

An events management organizing team has set to hold six concurrent China Sourcing Fairs in Mumbai this week to gauge Indian perception of Chinese products and services.

"Indian buyers are keen to source quality products from China," Tommy Wong, spokesperson of China Sourcing Fairs, said.

Buyers in India look for well-made, cost-effective consumer products, while for Indian exporters, China is an attractive market for iron ore, cotton, yarn and cotton products, besides chemicals, small machinery and pharma products, Wong added.

The world's second-largest economy has become India's largest country trading partner, while India is slowly becoming China's 10th largest trade partner.

"More and more Chinese companies are interested in setting up shop in India, either directly or indirectly through alliances," Suresh Deora, India China Chamber of Commerce & Industry president, said in the Business Standard.

Economic growth indicators for India are seen in organic chemicals, capital goods, iron and steel, wind energy, infrastructure, information technology, power, telecommunications, machinery, food and marine products.

Moreover, the massive infrastructure requirements to support India's modernization plans opens new markets for Chinese companies, especially in the telecom, machinery and power equipment sectors.