India is emerging as a major force in global trade, positioning itself among the top contributors to trade expansion over the next five years. With its strong macroeconomic fundamentals and increasing engagement in global trade networks, India is set to play a crucial role in shaping the international trade landscape.

India’s Global Trade Position

Aspect	India’s Position
Global Trade Rank (2024)	13th
Projected Additional Global Trade Share (2025-2030)	6%
Annual Trade Growth Rate (2019-2024)	5.2% (higher than global average of 2%)
Key Drivers	Strong macroeconomic performance, policy reforms, increasing exports

Comparison of India with Other Major Trading Nations

Country	Projected Additional Global Trade Share (2025-2030)	2024 Global Trade Rank	Annual Trade Growth Rate (2019-2024)	Key Trends
China	12%	1st	N/A	Largest driver of global trade growth
United States	10%	2nd	N/A	Major player with stable trade partnerships
India	6%	13th	5.2%	Rapid trade expansion, strong macroeconomic performance
Vietnam	N/A	N/A	High Growth	Emerging as a key player in trade speed
Indonesia	N/A	N/A	High Growth	Significant in global trade dynamics
Philippines	N/A	N/A	High Growth	Rising participation in international trade
UAE	N/A	N/A	Increased participation	Key player in diversifying global trade
Brazil	N/A	N/A	Increased participation	Strengthening position in global trade
Mexico	N/A	N/A	Increased participation	Reinforcing trade ties in North America

Key Trends in India’s Trade Growth

1. Stronger Global Trade Role: India ranks third in absolute trade expansion after China and the U.S., indicating its increasing importance in global commerce.
2. Diversified Trade Engagement: Trade involving neutral countries (neither aligned with the U.S. nor China) has increased from 15.4% in 2016 to 17.5% in 2024, showing India’s growing footprint in independent trade networks.
3. Shifting Trade Dynamics: The share of global trade among non-aligned countries has risen from 42% in 2016 to 47% in 2024, further positioning India as a key trade partner in an increasingly multipolar trade environment.
4. Expanding Export Markets: India is increasingly targeting new regions for trade expansion, including Southeast Asia, Africa, and Latin America, beyond its traditional markets in the U.S. and Europe.

Conclusion

India’s rapid trade growth and increasing share in global commerce underscore its evolving role as a significant player in international trade. With strategic policy support, infrastructure development, and diversification of trade partnerships, India is well-positioned to become one of the world’s fastest-growing trading nations in the coming years.