India expects bilateral trade with Australia to exceed $45 billion in 5 years

FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat

NEW DELHI (Reuters) - India expects total bilateral trade with Australia of around $45 billion to $50 billion over the next 5 years, a trade ministry official said on Tuesday.

Annual goods and services trade between the two countries stand at $31 billion at present, according to the Indian government.

(Reporting by Shivangi Acharya in New Delhi, writing by Shivam Patel; editing by Frank Jack Daniel and Raissa Kasolowsky)