Advertisement“We have been importing quite a substantial volume of coal and palm oil from Indonesia which leads to a trade deficit. The embassy official said that India and Indonesia are aiming at a total bilateral trade of US$50 billion by 2025. During this time our PM set a bilateral trade target of US$ 50 billion by 2025,” he said. “In 2023, if you see, there is a growth of 50% in bilateral trade and it has reached nearly US$ 40 billion. Among major items, we import coal and palm oil from Indonesia.

Source: Economic Times November 22, 2023 06:01 UTC