ABSTRACT

The economic relationship between China and India was too small to notice even a decade ago. With bilateral trade at around US$2 billion and hardly any investments either way, neither country could have visualised the other as a major economic partner in the years to come. A decade later, however, there are distinct signs of the economic relationship maturing into one of the most robust commercial associations of modern times. This is not only because of the astounding rate of growth in bilateral trade, which has shot up to US$60 billion within less than a decade. It is also because of the increasingly larger roles that Chinese and Indian entrepreneurs and businesses are beginning to play in each other's economies through a variety of industrial ventures and innovative initiatives. As two of the world's fastest-growing emerging market economies, both are exciting prospects for each other. Together, they also symbolise the emergence of an economically resurgent Asia.