<h1>India and China Aim for $100 Billion Trade by 2015 Amid Deficit Concerns; Focus on Pharmaceuticals and Renewable Energy.</h1> India and China are set to achieve a bilateral trade target of US$ 100 billion by 2015, with trade between the two nations having grown significantly from US$ 2.3 billion in 2000-01 to US$ 59.62 billion in 2010-11. Despite this growth, concerns about a rising trade deficit for India were raised, highlighting the need for balanced trade. The Indian Minister emphasized diversifying trade into pharmaceuticals and renewable energy, with a focus on reducing regulatory barriers. Additionally, a Chinese firm plans to invest Rs 2500 crore in a green energy project in India, starting with an initial Rs 500 crore investment.