The Emerging Economic Relations between India and China after Post Cold War

VISHAKHA SHARMA

Abstract


Abstract

After the Cold War ended, Sino–Indian trade experienced a seemingly spontaneous phase of rapid development. The economic reformation in India has taken a new shape; consequently the trade volume between China and India touched a new height. As China and India are the world's two most rapidly developing nations, both the countries has recognised their potential for trade between them and  strengthening bilateral trade that would be of great mutual benefit for both economies. Close economic ties could have a stabilizing influence on their political and diplomatic relationship. Statistics show that bilateral trade since 1999 has entered into a new period of growth. China became India's second largest trading partner in 2006, and India China's tenth largest. It may be said that the role of Sino–Indian trade has grown from one unworthy of mention to a decisive aspect of the overall bilateral relationship. In this paper, researcher has thrown a beam of light on emerging economic relation between India and China, and new initiatives taken place in between them. The geographic, social and cultural proximity to each other compelled to share their experiences in various domains. No country can ignore the neighbour country whether it is passing through a development phase or weird phase. To make progressive path of development one has to share experience from each other. In this era of reform after Cold War, there are some important domains of cooperation from where fruitful experiences had seen.


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