The world trade has decelerated in recent years amidst global slowdown and COVID-19 outbreak. In the wake of the changing course of global trade, this book studies the key and emerging trade policies and negotiation issues faced by India in international trade and offers policy options for development. In 2019, World Trade Organization (WTO) celebrated 25 years of establishment. India, the founder-member of the WTO, has been forced to reverse the trade liberalization process by raising the customs duties on some products in recent years. Other countries have also been promoting protectionism.
World Trade and India: Multilateralism, Progress and Policy Response discusses mitigating strategies that would help the Indian economy in building resilience to trade shocks and improve competitiveness of exports. The book unravels the complex interconnections between multilateralism and developing economies like India, and presents a detailed evaluation on where the nations stand today in global trade. It offers policy suggestions for a better future.