Abstract
India has emerged as a significant player in the global economy, boasting a trillion-dollar economy. The country’s trade history is noteworthy, benefiting not only itself but also the global market. India has come to understand that the strategic use of its own resources is key to its success. Currently, India is among the World Trade Market fastest-growing countries in the world. Famous brands such as Darjeeling tea, Indian khadi cotton, Kashmir carpets, Indian spices and dry fruits are few examples of gifts of India. The economic conditions have gotten better in both the urban and the semi-urban areas, the literacy rates are also stretching to the remotest areas, thus creating awareness and hence the demand increases throughout the society strata. The increased availability of global goods has further boosted India’s trade with other countries. This research delves into India’s current position in global trade, offering a comparative analysis with other leading economies such as China, Japan, & US. China’s manufacturing strength and extensive trade initiatives, Japan’s emphasis on technology and quality, & US’s leadership in innovation and services are explored to identify how India can refine its approach to strengthening its global trade presence. This research suggests that while India has made notable progress in international trade, it needs to address critical policy and infrastructure issues to compete more effectively with its global peers.
Keywords: Global Trade, Indian Economy, Economic Growth, Trade Deficits, China, US, Japan