Fueling Asia's Future: India, China race to create ties with oil-rich nations

"The likely emergence of China and India as new major global players ... will transform the geopolitical landscape," said the report titled Mapping the Global Future. "In the same way that commentators refer to the 1900s as the 'American Century,' the early 21st century may be seen as the time when some in the developing world, led by India and China, come into their own."

The report also said that energy demand through 2020, especially by India and China, "will have substantial impacts on geopolitical relations."

Bush also feted Indian Prime Minister Manmohan Singh at the White House in clear recognition of that country's growing significance.

Full