Sino-Indian Trade and Economic Relations in XXI Century

This paper explores Sino-Indian trade and economic relations in the twenty first century, with a look at today’s economy No. 2 and economy No. 5 aspiring to reach No. 3 by 2030. The topic significance is related to increasing influence of China and India on the main global economic processes. It is important for any country to explore the evolution of Sino-Indian relations in order to work out a strategy of economic and trade cooperation with these countries. The purpose of the research is a comprehensive study of the history, current status and possible prospects of Sino-Indian trade and economic relations during this century. The main objectives of this study are comprised by analysis of the historic background, relevant factors and events of the Sino-Indian interrelations, overview of the current status of the Chinese and Indian economies, research on the present condition, the scope and the main trends of China – India commercial cooperation and investigation of the problems and possible prospects of Sino-Indian trade and economic relationship development. The research methods are inclusive of a content, historical and comparative analysis of the primary data, consisting of the information from the relevant official databases and documents, along with the secondary data that include Russian, English and Chinese articles, studies and books on the topic. The findings reveal that modern trade and economic relations between China and India are generally on the positive side and tend to improve in the future despite certain controversy and rivalry between the countries. An obvious lack of comprehensive studies, especially by the Russian authors, with regard to the modern Sino-Indian trade and economic relations warrants this study scientific novelty. Keywords: China, India, global economic processes, Sino-Indian trade and economic relations, evolution, prospects.