China is most likely to replace US as India's largest trading partner with two-way trade hitting $100 billion mark in the near future.

The trade between China and India hit a record $18.7 billion last year, jumping 38 percent year-on-year. If the growth was sustained, the trade could soon overtake Indo-US trade, which is hovering around $30 billion, said Saroj Poddar the president of the Federation of Indian Chambers of Commerce and Industry (FICCI)

However India's exports to China are largely restricted to primary and resource-based products such as iron ore.

The visit by the FICCI delegation, composed of a dozen representatives from modern Indian industries, is regarded as a crucial step for sustainable long-term growth of Sino-Indian trade.