• A. PRABHAKAR

Since economies of the world are growing interdependent. International trade is persueing a critical element of growth promotion policy in developing countries. In the current economic environment of globalization, trade place an increasingly important role in shaping economic and social performance and prospects of countries around the world. Developing Countries in International Trade (DCIT) aims to analyze key trade and developing countries as an annual basis.] The modern economic trends are revealing that international trade is helping the growth of developing nations. The openness to international trade has been lucrative to the developing countries for rapid economic growth. The adoption of open market policies, and decline in the concepts of trade protection in certain developing countries has helped them immensely in their rapid economic growth. International trade supports growth in a variety of ways. It makes the producers more efficient as they must contend with some of the best in the world. Although India has steadily opened up its economy, its tariffs continue to be high when compared with other countries, and its investments norms are still restrictive. This leads some to see India as a ‘rapid globalizer’ while others still see it as a highly protectionist economy. In this paper an attempt is made to analyze the importance of international trade and its advantages and disadvantages are also anlyzed. And some suggestions are also made in this paper.

International Trade, Policies, Economic Growth, Advantages, Disadvantages.

"THE ROLE OF INTERNATIONAL TRADE IN THE ECONOMIC DEVELOPMENT IN INDIA - AN ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.335-343, June-2019, Available :http://www.jetir.org/papers/JETIR1906192.pdf

"THE ROLE OF INTERNATIONAL TRADE IN THE ECONOMIC DEVELOPMENT IN INDIA - AN ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp335-343, June-2019, Available at : http://www.jetir.org/papers/JETIR1906192.pdf