INDIA'S PLACE IN GLOBAL TRADE: CURRENT STATUS AND DEVELOPMENT TRENDS
The article assesses India’s foreign trade relations at the present stage of economic development, analyzes the commodity and geographical structure of India’s export-import transactions with its main trading partners, and identifies major factors that hinder the development of Indian exports. Current state and prospects for future development of trade and economic relations between Russia and India are analyzed. It is argued that current foreign trade policy of India is aimed at significantly increasing the country’s share in the global trade of goods and services. This will help to boost India’s international competitiveness and strengthen its position in the system of global economic relations.