International Journal For Multidisciplinary Research

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The Impact of International Trade on Emerging Economies: A Study of India

Author(s) Ummey Aiman
Country India
Abstract Historical and contemporary research suggests that India stands as one of the most rapidly expanding and appealing economies globally, having established itself as a sought-after locale for foreign investment. Since 1991, India has adhered to stringent policies that have constrained the economy's engagement in international trade, resulting in a greater emphasis on protectionism rather than fostering an open market environment. Since 1991, the Indian government has implemented a series of economic reform measures aimed at invigorating the economy. The proposed reform measures encompass fiscal adjustments, a reduction in tariff levels concerning a substantial array of imports, the management of exchange rates, and the strategic utilisation of exchange rates as a mechanism for promoting exports and shaping trade policies. Nevertheless, the reforms enacted in India bore a striking resemblance to those pursued by other developing nations; the primary distinction lay in the pace at which they were executed. India possesses a notable advantage in the form of a stable political climate. The prevailing government and ruling party have maintained a firm grip on the political landscape, thereby fostering an environment conducive to investment. India has asserted its influence within the global economy, as evidenced by its position in international institutions such as the G-8 and G-20, as well as its free trade agreements with ASEAN and the EU.
Keywords India, foreign Investment, economic growth, economic theory, trade
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-01-29
Cite This The Impact of International Trade on Emerging Economies: A Study of India - Ummey Aiman - IJFMR Volume 7, Issue 1, January-February 2025.
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