The Role of Global Firms to Strengthening India’s Role in International Trade
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.
Fields of Study & Subjects
Indian Economic and Social Development
Economic and Technological Innovation
Global trade and economics
Publication details
- Journal / source
- INTERNATIONAL JOURNAL OF PROFESSIONAL STUDIES
- Volume
- 21
- Issue
- 3
- Pages
- 255–260
- Publication date
- 1 January 2026