India's Role in Global Trade and Economic Governance
Year: 2025
Type: article
Abstract: India’s embedded liberalism is reflected in its behaviour at the multilateral level. The country is the third largest economy measured in terms of purchasing power parity. Therefore, India was invited as a member of G-20 to deliberate on financial crisis and other issues dealing with global economic management. Indias articulation within the G-20 reveals a commitment to an embedded liberal order. One size does not fit all. India, for example, supports, the macroeconomics policy coordination mechanism of the G-20.Macroeconomic policies under this mechanism are determined by the concerned country, with the IMF only providing technical support, Moreover, India has taken positions that suggest that adjustment should not be front loaded. India’s journey towards becoming a global economic power house is marked by remarkable achievements in its export landscape. The nation has demonstrated significant progress in diverse sector ranging from petroleum oil and agrochemicals to semiconductors are precious stones. This growth reflects India's ability to leverage advanced technology innovative practices and competitive manufacturing to meet. Global demands supported by robust government initiative the country is not only expanding its export base but also string strengthening it's position as a reliable Global supplier. India's export performance in a several key product category at the 4 digit HS level has shown and notable success with the country maintaining or improving its rank among the top 10 Global supply as always exceeding $1 billion in 2023.
Author: Dr. Devaki Nilesh Rathod
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6930851686
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