India in the International Trading System
Although India’s foreign trade policy has undergone drastic changes over the years, its recognition of the international trading system as the vehicle for trade negotiations has remained unwavering. As India’s economy has begun to grow due to the use of open policies, so has its influence in championing the ambitions of developing countries. India’s history tells a story of the convergence of its foreign trade policy with the underlying principles of the multilateral trading system. However, looking forward, to maximize fully the benefits to it of the international trading system, India’s attention must now turn to facilitating convergence between its domestic policy and its foreign policy. This chapter discusses India’s trajectory in the international trading system over the years and the domestic issues India must now confront in order to fully garner its benefits.