Analysis of Trends in Global Trade in Emerging Economies: With Specific Reference to Indian Economy

There has been a changing paradigm shift in the last three and a half decades in the emerging economies which have significantly reshaped the global trade scenario. Rapid growth of emerging economies like India have contributed to expanding the global output and trade as high as three to four times compared to what it was during 1970s and 80s. The expansion of trade is mostly in high technology products and is characterised by growing regional concentration and ongoing shift of technology towards emerging market economies. On the basis of study of past and current trend, it has been observed that India is one of the fastest growing and most attractive economies in the world and has emerged as a desirable destination for Foreign Investment since it introduced the new economic policy in 1991