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Abstract

The Role of Global Firms to Strengthening India’s Role in International Trade

Smt. M. Kavitha

Lecturer in Economics Nagarjuna Government College (A), Nalgonda, Telangana

255 - 260
Vol. No. 21, Special Issue 3, 2026
Receiving Date: 2025-11-30
Acceptance Date: 2025-12-31
Publication Date: 2026-01-07
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http://doi.org/10.37648/ijps.v21i03.039

Abstract

A primary driver of economic growth and employment prospects in India is the proliferation of digital tools. These tools are responsible for the creation of jobs in new tech-driven businesses as well as the transformation of established industries through increased efficiency and new business models. On the other hand, this transition also brings about a number of issues, the most significant of which is the displacement of low-skilled employment and the growing requirement to update the skills of the workforce. In the ongoing process of consolidating its position in international markets, India is bolstering its position through diversification, innovation, and strategic trade reforms. India's exports are not only expanding, but they are also setting new records. This is due to a number of factors, including a robust recovery from the pandemic and ongoing global concerns. The increase from November 2024 to November 2025, which is a year-on-year increase, demonstrates that India is a trustworthy and reliable partner in international trade. India's overall exports increased from US$ 64.05 billion to US$ 73.99 billion, indicating a remarkable 15.52% gain between November 2024 and November 2025. On the other hand, India's imports stayed virtually unchanged at US$ 80.63 billion during this time period. As a direct result of this, the trade imbalance decreased by a substantial 61.07%, going from 17.06 billion US dollars to 6.64 billion US dollars. An increase in high-value commodities, expanding global relationships, and policy reforms that encourage a more balanced and internationally linked trade trajectory are all factors that contribute to India's resilience, which is shown in this rise despite disruptions in trade. India is also concentrating on improving its trading relationships with other countries in order to increase its exports. The trade agreements that India has with other economies strengthen its commitment to inclusive growth, which benefits farmers, artisans, workers, and micro, small, and medium-sized enterprises (MSMEs) while protecting India's key national interests. In the most recent instance, the deal between India and Oman builds on long-standing bilateral connections, thereby establishing an economic framework that is both forward-looking and balanced. An inclusive growth agenda must include a unified push to reform education, easily available skill development initiatives (such as the Skill India Mission or the e-Shram portal), and regulatory frameworks that welcome and accommodate the changing nature of employment. In order to fully benefit from digital transformation, the emphasis is moving towards ongoing learning and flexibility in India.


Keywords: transformation; emphasis; MSMEs; commodities; International Trade


References
  1. Directorate General of Trade Remedies. (n.d.). Initiation of safeguard investigation concerning imports of non-alloy and other alloy steel products in flat rolled forms. Ministry of Commerce & Industry. https://www.dgtr.gov.in/en/safeguard-investigation-india/initiation-safeguard-investigation-concerning-imports-non-alloy-andguides.library.cornell
  2. Press Information Bureau. (2023, August 28). Safeguard duties on certain hot rolled flat products of alloy/non-alloy steel. Ministry of Commerce & Industry. https://www.pib.gov.in/PressReleasePage.aspx?PRID=1896001
  3. Press Information Bureau. (2024, December 3). Government imposes safeguard duty on imports of hot rolled coils and sheets (non-alloy and other alloy steel) [Press release]. Ministry of Commerce & Industry. https://pib.gov.in/PressReleasePage.aspx?PRID=2039117
  4. Press Information Bureau. (2025, June 12). Safeguard duty imposed on imports of certain flat rolled steel products of alloy/non-alloy steel [Press release]. Ministry of Commerce & Industry. https://pib.gov.in/PressReleasePage.aspx?PRID=2057038
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