"Better India-China relations are a blow to the American arms lobby because it is the Western weapons manufacturers that benefit the most due to instability and tensions all over the world, including South Asia," Vasan stated.
Both sides were very keen to resolve their border dispute, as at least since August India and China have been speaking in a conciliatory tone, he highlighted. They worked extremely hard to reach this agreement, in essence, marking the opening of a new chapter in India-China bilateral relations, especially given the challenges following the Galwan Valley incident four years ago, the think tanker noted.
Detente between New Delhi and Beijing would have a ripple effect on BRICS too, Vasan underlined.
Nearly 35 states have shown interest in joining BRICS, making it a major bloc in terms of solidarity among developing countries and that's why rapprochement between India and China serves as a major boost to the organisation, the commentator asserted.
The bbreakthrough between India and China is a welcome development with Russia appearing to have played the role of a facilitator, if not a mediator, Delhi-based China expert Dr Rup Narayan Das, a former Senior Fellow at the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA), suggested.
"Russia, China, and India are the three major pillars of the BRICS and the triangular cooperation between Russia, China, and India in the grouping is a matter of anxiety to the West, particularly, the US. While Russia continues to be a tested and trusted friend of India, there is a trust deficit with China, which the US takes advantage of," Das said in a conversation with Sputnik India.
On the other hand, Dr Srikanth Kondapalli, the Dean of the School of International Studies at the prestigious Jawaharlal Nehru University (JNU) in Delhi, opined that the bilateral talks between PM Modi and President Jinping were significant, given the latest developments between the two neighbors.
While Indian Foreign Secretary Vikram Misri announced that Indian troops would resume patrolling in border areas they patrolled before the standoff in May 2020, External Affairs Minister S Jaishankar commented that the status quo would be restored between the two sides.
Furthermore, despite tensions in their bilateral relations, the two Asian giants have coordinated in a multilateral field, such as the Shanghai Cooperation Organisation (SCO), BRICS, and World Trade Organization (WTO) Dispute Resolution Mechanism, on climate change issues, the subject of the International Monetary Fund (IMF) and World Bank reorganisation and trade in local currencies, Kondapalli remarked.
"Since India and China are standing by each other on these issues, it should worry the West, but one shouldn't jump ship and wait for some time to see if the warming of relations between New Delhi and Beijing would lead to enhanced cooperation," he concluded.