The India china relation, also called Sino-Indian relations or Indo-China relations, refers to the bilateral relationship between the People's Republic of China (PRC) and the Republic of India. Historically, the India and China have had relations for more than 2,000 years, but the modern relationship began in 1950 when India was among the first countries to end formal ties with the Republic of China (Taiwan) and recognize the PRC as the legitimate Government of Mainland China. The China and India are the two most populous countries and fastest growing major economies in the world. The growth in diplomatic and economic influence has increased the significance of their bilateral relationship. In case of external trade, China is a net exporter having continuously trade surplus; on the contrary, India is a net importer with an evident trade deficit for last several years. The China has mainly been dependent on exports for stimulating growth as compared to India. China export has a larger share in its GDP compared to the contribution of India’s exports in its GDP. The India may overtake China as the world fastest growing major economy by 2015, as the nation doubles infrastructure investment and adds six-fold more workers than it does. Even economic growth from the country may accelerate to 9.5 per cent between 2011 to 2015. Even India could attract more long-term direct investment than China on better rate of returns in Asia third-largest economy, as the rupee is expected to appreciate against the dollar this year.