| Summary/Abstract |
The trade between India and Vietnam is estimated to be 8$ billion targeted 15$ billion by 2020, whereas Sino-Vietnam trade has already reached $ 95.82 billion in 2015. The bilateral trade between China and ASEAN have reached $472 billion in 2015, which is over six times than that of India’s trade with ASEAN. The Chinese presence in the region is wide and deep. India and the US joint ventures need to work out a long term strategy which must not be limited to military and strategic; it has to scale up economic ties as well. It must succeed to dismantle excessive dependence on China, especially sourcing raw materials.
|