Paper Details

In the next 3 years that is by 2027, India dreams of becoming the world’s third-largest economy with a focus on a GDP of 5 trillion dollars being the only country behind China and the United States. This ambition goes one step ahead with the aim of touching $7 trillion by 2030 with the help of continued reforms. India was ranked as the 10th largest economy in the world in the year 2012 with a GDP of 1.9 trillion US dollars at current market prices. Today, it is the 5th largest with a GDP of US$ 3.7 Trillion (estimate FY 2024). Global commerce is constantly influencing the future prospects of the Indian economy, due to the importance of trade. Trade serves as a new outlet for the country’s internal production and somewhere in a very tactical way, India is trying to place itself as the ‘Manufacturing Hub’ of the world to not only satisfy its internal demands but also meet export targets. In this paper, an attempt is made to examine the trends and patterns in terms of bilateral trade with G20, BRICS, SAARC, and ASEAN member nations from the date of the establishment to measure their impacts on the exports and imports they have on the Indian Economy.

International Trade, GDP, Exports, Imports, BRICS, SAARC, ASEAN, G20.