GLOBALISATION AND ITS INFLUENCE ON INDIA’S EXPORT–IMPORT DYNAMICS: AN ANALYTICAL STUDY

Abstract

Globalisation has changed India's economy a lot, especially its trade with other countries. India's integration with global markets has grown since the economic reforms of 1991. This has led to more exports, a wider range of imports, more competition, and faster economic growth. This analytical study investigates the impact of globalisation on India's export-import dynamics, emphasising growth trends, structural transformations, trade composition, and policy reforms. The study analyses secondary data from government reports, economic surveys, WTO publications, and trade databases to elucidate significant trends in India's trade performance. The results show that the Indian economy is becoming more open, that it is shifting from exporting raw materials to manufactured goods and services, that it is importing more technology-intensive goods, and that it is participating more in global value chains. The paper concludes that globalisation has led to more trade and economic growth, but there are still big problems like trade deficits, reliance on foreign technology, and unstable global markets.