New Delhi, Sept. 2 -- When elephants make love, the grass gets trampled too, observed Singapore's Lee Kuan Yew, riffing off a Kenyan saying that the grass gets trampled when elephants fight. When India and China declared their readiness to cooperate at the Shanghai Cooperation Organisation (SCO) summit at Tianjin, imagery was evoked of an elephant and dragon getting ready to dance. If such an implied transformation of our bilateral relationship takes place, it could well work in favour of businesses in both countries.

While the leaders of both exchanged warm words, differences remain-especially over our mutual border. According to China's Xi Jinping, we should not wait for the settlement of territorial disputes to jointly address major d...