New Delhi, Feb. 21 -- India and Brazil on Saturday set an ambitious target to boost their bilateral trade to $30 billion by 2030, up from the previous goal of $20 billion.

Secretary (East) in the Ministry of External Affairs, P Kumaran, informed that the decision was made during Brazilian President Luiz Inacio Lula da Silva's visit to India, where he emphasised that the earlier target wasn't ambitious enough.

Kumaran, while speaking at the Special Briefing by MEA on the State visit of the President of Brazil to India, said that Silva thought that the earlier target was not ambitious enough, hence proposed a larger target.

"We had set a target during PM's visit to Brazil for increasing bilateral trade from USD 15 billion to 20 billion b...