India’s bilateral trade with Italy has seen significant growth in the past year, 2003/04, with the volume of trade hitting a new high of $2.77 billion – an increase of 28% over the previous year. During the first six months of 2004/05 (April-September), bilateral trade grew a further 21%. These figures were announced at the 16^th meeting of the Indo-Italian Joint Commission for Economic Cooperation.

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