Delhi: Prime Minister Narendra Modi and his Italian counterpart Paolo Gentiloni today held extensive talks on ways to strengthen the bilateral political and economic relations.
Ahead of his meeting with Modi, the visiting leader, who received a ceremonial reception at the forecourt of the Rashtrapati Bhavan, described his visit as an opportunity to make ties between the two countries stronger.
Italy is India’s fifth largest trading partner in the EU with a bilateral trade of USD
8.79 billion in 2016-17, as per official figures.
India’s exports to Italy are at USD 4.90 billion, while its imports are at USD 3.89 billion, resulting in a trade imbalance of USD 1 billion in favour of India. In the first four months of fiscal 2017-18, bilateral trade has reached USD 3.22 billion.
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