Odds are high and damn high for such an alliance to emerge, though if pulled off would be the alliance of this century for sure, and stakes do remains high for both sides in having such an alliance.
There remain concerns on both sides which when looked from each others PoVs come across quite genuine. We host Dalai Lama and the Tibetans, have taken a turn on our relations with the US, which puts us in a spot of bother for the Chinese, they have a superiority complex, don’t want an at par fair game to be played, with territorial ambitions on our land, aggressive militarization, feeding Pakistan militarily which directly challenges India’s very existence and the much talked about encirclement of India, which all in all creates a lots of suspicion about them and then there remains the 1962, which is seen an act of backstabbing by the Chinese, so yes the odds are damn huge.
But then international politics has always been about attaining one’s interests, and interests can force even the warring parties to some sort of an alliance sometime in the future. We have seen the worst in Europe, and it is an example which shows that if things dealt with maturity and sensibly a lot of good can come out, and indo-sino relations remain no different.
The power corridors of the globe will most certainly move a full circle, it was the prc and India who dominated in the past for centuries and both surely hold the aces for now of doing a turn around on the west in times to come. Both have the potential of being one and two economically, just adding the money these two would hold will account for some massive monetary resources (which in times to come could alone figure to something around 40% or more off the whole world), world trade would be mostly centered around these two countries, could come up with a common currency and a currency the world will surely be forced to take up and shun usd in the process, population base is huge which already accounts for 22% of that of world, and stands to increase. Churn out a big resource of scientists and engineers who are the key for any sort of r&d which are the doorways to innovation centers of future, and with economic activity revolved around these two countries in times to come, the two are bound to attract the best of talents as well, amounting to brain gain and reverse brain drain.
Look from the west’s PoV, what would be the biggest threat for their hegemonic rule in the coming years? It has to be an east-east alliance that features the prc and India, but are these two countries smart enough and mature to have such an alliance going, the answer remains to be seen in future.
The other question to be asked is, is this the right time for forging such an alliance? Well most certainly not, for even if the west were to get a wind of this, the whole thing would go for a toss and rest assured our worst enemies will start getting funding to keep us bogged down from moving ahead. For now it is important that India moves closer to the west, which is keen to see India move ahead, and create way for us in various world bodies, which as per them is nurturing of their interests, along with that we need a huge economic push to move millions out of poverty. We need to keep low, keep working hard, have a workable relationship with the prc but along side address each others concerns and try and evolve this relationship to that extent we both dont see hurting each others interests by our actions, and if it interests the two countries then something like three decades from now forge the biggest alliance of this century which will leave the world spellbound and would be the biggest turnaround ever.