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Indias Position in the International Economic Order

India holds a dominant position in influencing global issues related to climate change, world trade, international terrorism, and nuclear proliferation. Considering the trade war between US and China, the threat to multilateralism from the US and the uncomfortable trade relationship between US and EU and Japan, India is now at a crossroads in the international economic order. This offers a leadership opportunity to ‘Aspirational India’ that is willing to engage in new issues of international economic order. This article examines India’s position in Multilateral Trade System by comprehensively reviewing the difference between its overall trade and sectoral interests; India’s role at the World Trade Organization (WTO) and how it has evolved; the role of India’s foreign policy in guiding its regionalism; and the opportunities that India may have in the trade war currently prevailing in the global economy. The article concludes that India’s interest is to preserve a stable multilateral trading order through the WTO, while using regionals or even sectoral agreements to augment its trade competitiveness