The ties between India and New Zealand have gone through a roller coaster ride but there is a sense of stability in the relationship. This has been propelled by the advent of globalisation as well as increasing interdependence. While New Zealand cannot ignore India’s huge market and its services sector, India cannot overlook New Zealand’s important position in the Asia–Pacific region as well as its increasing clout in various global and regional fora. There has been growing convergence but there is a need for mutual understanding which can be promoted through greater investments, trade and people-to-people contact. Although on the regional scenario, both countries have been part of the East Asian Summit and have addressed non-traditional security concerns, there is need to address the differing policy perceptions and work collectively for promoting peace and greater trade.