The emerging "substantive" political and economic relations between India and China is a "win-win" situation for the two countries, Commerce Minister Kamal Nath has said.
Talking to reporters on board the Prime Minister's special aircraft on way back from China, he said the fact that the Chinese leadership reached out to Prime Minister Manmohan Singh during his three-day visit reflected a growing warmth in bilateral ties.
Nath said the rising trade between the two countries also showed that fears of Indian industry and business about Chinese goods flooding the Indian market have receded to a great extent.
The sub-prime crisis in the US, western fears of an economic slow-down and uncertainties over the situation in some parts of the world have made East Asia the cynosure of all eyes.
China and India were seen as the engines of economic growth world over, he said adding gone were the days of India Vs China and it was now India and China.
Nath said it was no more a relationship focused just on bilateral issues but one that shares concerns on other issues.
"There is a lot of commonality on issues like how both looked at Iran," he said.