India-China and United States: Triology to Stabilise the World Economy

Abstract

India and U.S are the world’s biggest and most influential democracies and since the end of cold war Indo-U.S relations have passed through many changes Both the countries have gone a step ahead in the areas of security, defense, counter terrorism, science & technology, health, trade, energy, maritime co-operation and environment. India and China stressed to broaden bilateral ties in various areas, working to achieve a “fair and reasonable settlement while seeking a mutually acceptable solution” to the border dispute. China and the United States despite having a bigger economic co-operation, shares a greater interest in reforming the international institutions like UN, IMF and World Bank along with regional stability in different geo-political locations especially in Asia. US along with China & India in co-operation with other G-20 countries should try to address the issues of improving of International Financial Institution’s, required regulation or oversight for important international institutions and appreciation of transparency standards in the financial markets internationally. In the changed economic scenario, China, U.S. and India are going to share a major role in the revival of world economy; therefore stabilization in the relations in the economic arena among these three economies is very much necessitated in the current world economic order