Joint ventures between companies in India and China are poised to lead a number of global markets because of the complementary skills and resources each provides. These ventures between India-based IT-service providers and their counterparts in China illustrate how impressive an economy they would create. Indian companies are known for their world-class software expertise and global market leadership, while Chinese partners offer a competent, inexpensive labor force as well as market knowledge of Korea, Japan and other countries in Asia where English is not the dominant language. However, IT decision-makers and business strategists should adopt a framework on whose bilateral commercial activities between China and India should be done. Both countries have large markets, high growth, global client awareness and interests, a global IT presence, and inflows of foreign capital. It is not only in terms of price that they can compete, but also based on capability and competence. The growing domestic markets for consumer goods and technology work favorably for both nations. Spending power for these countries is expected to equal that of Western Europe and the United States combined. Because of these opportunities, business leaders need three basic tools: milestones to identify important issues that will be a guide in determining areas of investment, cooperation, competence, or analysis; realistic scenarios to examine possible political, social or other interferences to these economies; and precise information on the global state of IT competitiveness in China and India for their internal markets.