Asian Journal of Research in Business Economics and Management

India and China the fastest growing countries, have emphatically made their presence felt in the rapidly globalizing world economy. Both the countries are among the major countries in the global population as both the nations contribute 37% of the world's population and 6.4% of the value of world output and income at current prices and exchange rates. Rapid economic growth, large foreign direct investments (FDI) and growing trade along with the whole world are some of the peculiar characteristics of both the countries of development. Yet, both differ from each other immensely in relation to their political background, nature of development specially economic and its approaches like exchange rate arrangements opted by both the countries. In this backdrop, a comparison between the two along with their trade relations with each other and with the rest of the world becomes attention-grabbing. This paper based on secondary information which have been collected from different scholars and researchers, published books, articles published in different journals, periodicals, conference paper, working paper and websites. Objectives of paper includes to find out India's share in export or import with china, study Impact of trade relation between India and China on Indian Economy and judge India's Balance of trade from China.