The trade trajectory between India and China has dazzled the observer in recent years. Since 1990, two-way trade has increased 230 times to the $60 billion target for the year ending March 2011. For two countries that are often portrayed as rivals, this is nothing short of remarkable. Despite the euphoria over a globalised age, nation states still care about the relative effects of their economic interactions. The prudent ones learn the art of keeping their books balanced. India, it seems, has been doing neither, especially vis-à-vis China.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Zorawar Daulet Singh:</B> India's delusions with the dragon</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>The current discourse over the country

<b>Zorawar Daulet Singh:</b> India's delusions with the dragon

The current discourse over the countrys economic relationship with China is nothing short of self-deception

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