Global Trade and Realignments and india

Abstract

Global trade has undergone significant transformations in recent years due to geopolitical tensions, supply chain disruptions, technological advancements, and changing economic alliances. These developments have reshaped international trade patterns and created both opportunities and challenges for emerging economies such as India. This article examines the evolving global trade landscape, focusing on the impact of regional trade agreements, shifts in manufacturing, digital commerce, and strategic partnerships. It analyzes India's role in global value chains, its trade policies, and its efforts to strengthen economic resilience through initiatives such as Make in India, production-linked incentive (PLI) schemes, and diversified export markets. The study also discusses the implications of global trade realignments for India's economic growth, foreign investment, employment, and long-term competitiveness. The article concludes by highlighting policy measures that can enhance India's position in an increasingly interconnected and dynamic global economy.