International Trade — Mains Questions

Critically analyze India's trade balance dynamics, highlighting the key factors contributing to its merchandise trade deficit and services trade surplus. What policy measures are being undertaken to address these imbalances?

Examine the significance of the World Trade Organization (WTO) for India's international trade policy. Discuss India's key concerns and negotiating positions in the current multilateral trading system.

India's geographic position in the Indian Ocean offers a unique 'Maritime Trade Advantage'. Elaborate on this advantage and analyze how it influences India's trade strategy and infrastructure development. (Vyyuha Analysis)