International Trade and Investment: Case Study
Keywords:
WTO, Investment, Trading, Growth, GDP, Globalization, Science and TechnologyAbstract
International trade and investment is an area that deals about the causes and consequences of trade among nations and regions. It involves buying and selling assets for short-term gains. Investing and trading are two different methods of attempting to earn money within the financial system. But it also has an element of losing it. This paper will be a witness to the theoretical examination of international trade and investment in the scenario of India post-globalization in 1991. This indicates how an abrupt
change took place occurred in the Indian economy. As per capita income increased from $304 in 1991 to $2600 in 2023. This is a shift in the growth of GDP. This paper will also give insight into the World Trade Organization. This organization simplifies world trade. It also reduces the barriers in world trade and makes it simpler for businessmen to engage in international trade. Secondly this paper explore a about world trade, connectivity and logistics advance, trade gains, and the general public enjoys higher public standards and higher per capita income. India has the potential to reach its dream of becoming a developed nation by 2047. Investment in national and international infrastructure also plays a vital role in the development of the country. However, international infrastructure. Imports and exports are impacted by the COVID-19 epidemic. Requirements to stay at home mean fewer purchasing possibilities, which in turn means less demand. Due to this, the earnings of the people reduce, which further decreases aggregate demand. The temptation for those who invest in global infrastructure will be stronger. Science and technology have also changed international trade by enhancing communication, streamlining transactions, and increasing supply chain efficiency. Digital communication, e-commerce platforms, automation, data analytics, and customs facilitation technology
have all contributed to the efficiency of global trade procedures. Thirdly, we will be focusing on what the approach or strategy, India and the world will be taking as per the trading and investment mention in WTO.
References
"WIDER ANNUAL LECTURE 6: Winners and Losers over two centuries of Globalization" by Jeffery G. Williamson is a relevant work.
"Globalization trend and Issues" by T.K. Velayudhan, specifically pages 3 and 66, offers further insights.
Prof. Sagar Jain from the University of Carolina gave a lecture titled "Globalization and India".
V.N. Rai delivered a lecture on "Repositioning India in the Globalized World".
Ravi Kashtia presented a lecture on "Globalization and India's Business prospectives".
Dr. A.K. Ojha's article "Globalization and Liberalization" Prospects of New World Order was published in Third Concept - An International Journal of Ideas in August 2015.
"The Indian and Global Business," published in January 2014, on page 30, is another source.
Page 39 of "Globalization: Imperatives, Challenges and the Strategies" provides relevant information.
The World Trade Organization (WTO) significantly influenced the Indian economy since its establishment in 1995.
India's membership in the WTO required it to liberalize its trade policy, including reducing tariffs and non-tariff trade barriers.
WTO membership has given Indian exporters better access to foreign markets by lowering trade barriers in other countries.
This improved market access has facilitated the growth of Indian exports, particularly in sectors such as textiles, information technology, and pharmaceuticals.
