“The world has enough for both of us”, has come to be a regular refrain of Chinese and Indian leaders. Even academic commentaries sometimes use this argument to explain why Asia’s two fastest growing economies and increasingly dynamic-billion-plus strong societies will not clash as they pursue peaceful development. Today, we can see that the whole world is threatened because of a miasmic environment created by China, soon the Sino-Indian relations would be hit hard by multi-polarism.
It can be seen that in the current scenario India tied up with US whereas, China tied up with Pakistan, which is affecting the Sino-Indian relationship more than ever. Multi-polarism has already hit the relationship between the two. It is also observed that controversies between US and China are moderated by India and other settlements are also done by either US or India. No doubt, Sino-Indian difficult bilateral engagement also impacts their interactions at a multilateral level and their mutual trust deficit circumscribes their joint strategies in the multilateral forums.
India-China Trade relations:-
The bilateral trade between India and China has grown four-fold in the past decade. But the trade
was tilted more in favour of China. India had unfavorable balance of trade with China. While China continues to enjoy a huge favourable balance of trade vis-à-vis most other smaller states of the
South Asian region, it is only the India-china trade that has remained to be China’s most balanced
trade in South Asia. However, both these nations are growing very fast and can propel the future
world economy with a pool of the world’s largest skilled work force.
There emerged a trade deficit between the two few time back and no solution to it has been found. And now the trade relations will become more daunted after this covid-19 problem. While flourishing trade has brought with it advantages such as availability of low-priced items in India, it has also led to the biggest single trade deficit India is running with any country. India’s trade deficit concerns are two- pronged. One is the actual size of the deficit. Two is the fact that the imbalance has continuously been widening year after year to reach USD 63.04 billion in 2019.
Multi-Polarism in Context of Sino-Indian Relations:-
For most Indians, the dominant memory of India-United States relations continues to be the presence of the USS Enterprise in the Bay of Bengal during the 1971 Bangladesh war. During the 1962 border conflict, it was the US that came to India’s rescue and there were plans to send the USS Kitty Hawk aircraft carrier to the Bay of Bengal to support India against a possible Chinese invasion. From then India-US relationship is also coming close. US and China’s relations are not so good as China is competing US in every aspect to become the super power and obviously US doesn’t wants that to be happened. Moreover, due to covid-19, US comes out to be the most disappointed country with China.
The Sino-Indian border conflict coincided with the Cuban Missile Crisis and was largely ignored in the world media. Yet today, in retrospect, this remains a major issue in the politics of Asia while the Cuban Missile Crisis is of academic value after the demise of the Soviet Union. The future world will bear a heavy impact of this military clash between the two Asian giants. The Sino-Indian clash sounded a virtual death knell for the Communist movement in India, till then the best organised political party after the Indian National Congress.
Yet, on balance, contemporary Indo-China relations seem to mark a clear shift in the center of gravity from a bipolar to a multipolar matrix. This shift is now discernible enough to stand scrutiny and also to guide the future direction of Indo-China equations. Their relationship continues to examined in simplistic dichotomies of cooperation or competition, rivals or partners, friends or foes, etc., ignoring the complex nature of their evolution and interactions.
Refrences:-
Eduindex News 
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