<p>Speaking here at the annual conference of French Foreign Trade Commissioners of the Asia-Pacific region, which included French CEOs and business leaders, Goyal said trade between the two countries is at suboptimal levels given the opportunities at hand. "(Bilateral trade) is quite sub-optimal, given the strength of our two economies, something which we should collectively aspire to grow much bigger, much better, much faster," Goyal told the gathering. "We are both trusted partners to each other and that will strengthen our continued engagement in investments with Indian industry going to France and French manufacturing coming to India, our services working with each other to greater impact, the global capability centres that are coming in good measure to set up shop in India and leverage from the attractiveness of Indian talent," he added. Bilateral trade between India and France in the financial year 2023-24 reached USD 15 billion with Indian exports at about USD 7 billion and imports at about USD 8 billion. Stating that France is India's 11th largest foreign direct investor, Goyal said there is a lot potential in the future.</p>

India-France bilateral trade 'quite sub-optimal': Govt

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