The role of India in the global economy in the beginning of the 21st century
The role of India in the global economy in the beginning of the 21st century

Summary/Abstract: In 2001 India was considered one of the economies with the highest potential for growth together with China, Brazil and Russia. An attempt was made in the paper to present the role of India in the global economy. Macroeconomic situation of India in the beginning of the 21st century was presented with focus on the time of global financial crisis and instability. India’s engagement in international trade in goods and services was shown. The value and structure of India’s foreign trade were analysed. India’s shares in world merchandise trade and trade in services were presented. B. Balassa’s RCA index was used to determine the fields of revealed comparative advantage of India. India’s participation in international transfer of capital in the form of foreign direct investment was analysed. The analysis covered period 2001–2013 (in some cases the year 2013 was not included in it due to the lack of statistical data).

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