ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India and China : Partnership or Rivalry in a Globalising World

China and India must behave as responsible players in the global market and reform and restructure their economies in ways that meet their expectations. The central issue facing the global community today is that in the decision-making bodies that deal with cross-border flows of trade, investment and finance, there is a basic asymmetry between power and responsibility, between those who take decisions and those who are affected by it. If the responsibility for ensuring growth and stability of global economy has to be shared by all, the configuration of power structure that dominates the global decision-making bodies has to change fundamentally. The inter-dependent world needs a new architecture for global economic cooperation in which China and India must be effective participants

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