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This paper examines the role of exchange rate changes on India's trade. The drivers of exports and imports (income, exchange rate including sectoral differences, and exchange rate variability) are estimated for the short and long run including a structural break. Using annual data from 1994 to 2022, the results of dynamic fixed effects estimation show that both exports and imports are income-elastic in the short and long run, but income elasticity is far stronger for exports. Moreover, exports are responsive to the real effective exchange rate in the short run but not in the long run, and the reverse is true for imports. Furthermore, exchange rates have asymmetric effects for high-volume and primary sectors for exports and imports. The combined impacts show the ineffectiveness of using currency depreciation to address trade imbalances. [ABSTRACT FROM AUTHOR]

This paper attempts to capture the missing 'distance' puzzle in the globalization process driven by trade flows. It is widely recognized that the growing global economic integration process play a major role in the spatial restructuring of many countries at varying geographical scales. The paper illustrates a model of international trade flows that builds upon existing research on the geographies of global trade. Empirical results of the current study indicate that the basic and augmented gravity model provides a useful framework for understanding international trade. The evidence of map pattern in residuals across temporal scale is noted. The results further indicate the importance of distance in the Indian context. An identification of the patterns and determinants of India's international trade with 87 countries suggests that potentially important differences in regional demands and country specific factors may impact the trade interaction over the years. [ABSTRACT FROM AUTHOR]

The post-industrial study of globalization has been studied from several perspectives and has been subject to a multi-disciplinary approach. There is, however, limited literature on the role played by globalization on diversity and inclusion. And thus, diversity and inclusion emerge as key themes this paper seeks to explore. At a time when the name 'George Floyd' has sparked a movement all around the globe and, farther away in India, a crime is committed against a 'lower-caste' Indian every 15 minutes, the actual and discursive importance of diversity and inclusion is boldly underscored. This paper begins by discussing the theoretical underpinnings of the conception of globalization and moves on to identifying the role of diversity and inclusion in theory. It then shifts its focus to the economistic perspective of globalization. The economistic perspective provides key insights on the Marxian notion of the antagonism between labour and capital by highlighting the repercussions of this 'antagonism' on labour market standards and inequalities. This paper indicates that these consequences do not have to make the case. It finally uses statistics from India (with particular emphasis on caste-based data) in comparison with statistics from the West to provide an analytical account of modern-day business paradigm. This is hardly a discursive analysis when one views it in light of business efforts to incorporate diversity and inclusion in governance and operations. The paper moves from a theoretical understanding of globalization to concrete conclusions that address the growing need for diversity and inclusion at all levels of corporate governance. This ensures that globalization creates a sustainable growth model for all countries. This is especially imperative at a time when nation-states have an increasingly diminishing role to play in global trade and division of labour. [ABSTRACT FROM AUTHOR]

This paper aims to present the theoretical aspects related to international trade and its role in the development of the two economic giants: China and India, as well as the contribution of the above-mentioned countries to the world economy. This issue is considered as topical as international trade has become a primary component of economic activity in most countries. Over time, developing economies such as China and India have made their presence felt in the global economy and have become the factors of its growth. Among other developing countries, China and India are distinguished by a faster growth of the economy. India, due to its distinct development strategy, has the potential to economically influence the activities of the global economy in the years to come even more than China. Respectively, another point that draws attention to this topic is the emergence of China and India as new poles of trade, innovation and growth alongside the USA, Japan and the EU. To analyze the commercial performance in the two countries over the last 20 years, it is necessary to examine their commercial patterns. Although both countries have high openness ratios, they have different trade balances. In the case study, the indicators and external economic activity of these countries will be compared. For this, it is necessary to analyze, assess and compare the magnitude of the international activities of these superpowers. [ABSTRACT FROM AUTHOR]

Notable accomplishments in export have made India's software sector conspicuous. This paper attempts to discuss the determinants of software exports from India. The study notes that-besides dynamic elements of economic development across the world-the policy measures and actions of the Indian government have played proactive and facilitating roles in the growth of the software sector. The study uses the autoregressive distributed lag (ARDL) approach to estimate the impact of various explanatory variables on software exports from India. Since causality is found running in both directions for many variables, the study attempts to examine the determinants of software exports from India through the regression equation in first difference. The results suggest that changes in openness index, human capital, and the GDP of high-income OECD countries have exercised positive impact on change in software exports from India. The study finds a stable long run relationship among variables. [ABSTRACT FROM AUTHOR]

The liberal globalised order has brought increased focus on the regulation of international commerce, and especially dispute resolution. Enforcement of contracts has been a concern largely owing to the insufficiencies of the legal systems, especially relating to the institutional structure, and it holds true for India as well. The commercial courts mechanism - international and domestic - with innovative features aimed at providing expedited justice is witnessing much traction. India, similar to many other jurisdictions, legislated in favour of specialized dispute resolution mechanisms for commercial disputes that could help improve the procedures for enforcement of contracts. This research attempts to critique the comparable strengths and the reform spaces within the Indian legislation on commercial courts. It parses the status of commercial dispute resolution in India especially in the context of cross-border contracts and critiques India's attempt to have specialised courts to address commercial dispute resolution. [ABSTRACT FROM AUTHOR]