Add this in your your_theme_path/layout/local.xml
instead.
<?xml version="1.0"?>
<layout version="0.1.0">
<catalog_product_view>
<reference name="product.info">
<block type="catalog/product_view" name="product.info.rating" template="rating/rating.phtml"/>
</reference>
</catalog_product_view>
</layout>
Now call child html in theme/template/catalog/product/view.phtml
<?php echo $this->getChildHtml('product.info.rating') ?>
Another way
If you don't want to edit theme/template/catalog/product/view.phtml
file then change your local.xml
as follow:
<?xml version="1.0"?>
<layout version="0.1.0">
<catalog_product_view>
<reference name="alert.urls">
<block type="catalog/product_view" name="product.info.rating" template="rating/rating.phtml"/>
</reference>
</catalog_product_view>
</layout>
This block will appear automatically in product view page, however it will be called along with other alert.urls