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Bilateral trade between India and Thailand is expected to double to $16 billion by 2015, according to a senior Thai official.
It is expected that it will continue to grow as free trade agreements between Thailand-India and Asean-India, with lower tariffs and trade barriers are fully utilized by private sector in both the countries, which will encourage more trade.
In past five years, trade volume between two countries increased by an average of 15 per cent annually, last year it was more than $8.6 billion and it expect it to double to $16 billion by 2015 on increase in trade volume,"Thai Trade Centre (Mumbai) executive director and consul (commercial) Adul Chotinisakorn told PTI.
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