Challenges and Strategies Towards Increase of India’s Share in Global Trade

Present, India’s trade landscape is at transformation stage which is strongly affect by the geopolitics, global technology, trade policies and sustainable priorities. Understanding of global patterns and framing suitable strategies will result in achievement of strongly economic sustainability and upper middle income country by 2030 and as a developed country by 2047. However, this targets are accelerated since 2014 with great initiation of NDA government such as Atmanirbhar Bharath, start-up and Stand up India, make in India etc. These strategies help the country to reach its share in global trade significantly and generate resources to sustain higher level of capital formation. Present, India, can boost its share in global trade by more FTAs, PPT, effective utilization of demographic dividend, product and market diversification and restructuring of services through unbundling.