India and China have emerged as two of the most critical players not only in Asia but the world as a whole their mutual engagement during will significantly influence the defining of strategic economic relations Asia and beyond while china has been accepted as an observer in the south Asian association for regional cooperation India has also made a place for itself in the east Asia summit and the shanghai cooperation organisation both india and china have issues of common concern in world politics related to energy security,climate change,terrorism,uni-polarity and global financial instability.