The Indian government is striving to double bilateral trade with China, its largest trading partner, within four years, Subas Pani, secretary in the planning commission and chairman of the India Trade Promotion Organization, said here Wednesday.

"It's an ambitious goal. But it's possible with the rapidly growing momentum," Pani said in an exclusive interview.

Bilateral trade between India and China has seen a drastic jump over the last decade. From a modest 3 billion U.S. dollars at the turn of the century, annual trade reached 42 billion U.S. dollars in 2008-09, India's Minister of State for Commerce and Industries, Jyotiraditya Scindia, said.

"Trade between India and China is set to reach new heights by the end of this financial year," he added.

India-China bilateral trade reached 32 billion U.S. dollars in the first half of 2010. Overall trade in 2010 is expected to exceed 60 billion U.S. dollars.