DEVELOPMENT OF INTERNATIONAL TRADE UNDER THE CHANGING SCENARIO

The newly developed defence relationship between US, UK and Australia (AUKUS) had created some unexpected irritation in France. They have expressed their uneasiness by calling back their ambassadors from US and Australia. In fact it can be seen as a  trade related friction. China has already refuted the new tri-nation alliance. The US and France have already started discussion in the matter and got it patched up. However, more such alliance may come up in the near future between other countries. All these alliances may pave the way for drastically cutting down international trade by China. Consequently this will open up more and more new doors for India. We must keep ourselves ready to fill up the gaps immediately.

We must conduct an extensive survey to prepare ourselves to give our goods in better quality and at a reasonable price. We may not have lavish time for this. As such we must start doing the spade works right now. India can penetrate in the world market quite fast and easily. We have excellent natural resources to manufacture almost every consumer product. Most advantageous in this run is our youth; one of the most intelligent and hardworking youth of the world. Let us encash the situation. It is the government to find more time for these things than politics.

K V George