Global Ttade wars and their Impact on India’s Roadmap to Viksit Bharat

Abstract

Global trade conflicts have emerged as a defining feature of the contemporary international economic system. Trade tensions such as the U.S.–China trade war, disruptions caused by the World Trade Organization dispute settlement challenges, and geopolitical conflicts like the Russia–Ukraine War have significantly altered global trade patterns. As an emerging economy deeply integrated into global markets, India faces both risks and opportunities from these developments. Global trade conflicts have emerged as a significant challenge to the stability of the international economic system, disrupting established trade flows, global value chains and commodity markets. Escalating tariff wars, economic sanctions, protectionist policies, and geopolitical tensions among major economies have created an uncertain global trade environment. As an emerging economy with deep integration into global markets, India’s agricultural and manufacturing sectors are particularly vulnerable to such disruptions. This paper examines the impact of global trade conflicts on India’s agricultural and manufacturing sectors. It highlights issues such as export volatility, rising input costs, inflationary pressures, and shifting foreign investment trends.