India's foreign trade policy and its performance in the world economy

The year 2014–15 exposed the world economy revive itself from an elongated lasting financial and economic catastrophe. However, this retrieval is taking place at a less significant pace than had been estimated. The global economy is confronting the several problems, comprising slow recovery of demand in the japan, downturn in the Chinese economy, deteriorating economic condition in the European region. Financial markets also stand in the in danger which are lesser growth in the Chinese economy and oil exporting market economies as growth has declined in oil exporting countries because of the collapse in the oil prices. The IMF released world economic growth rate in the January 2015, its world economic outlook, it was projected that the global growth rate for 2015 and 2016 to be at 3.5 and 3.7 percent. Indian's estimated growth for 2015 and 2016 is remaining at 6.3 and 6.5 percent respectively with increasing 0.5 percent. Integrating the global economy with our country means to achieve the main objectives greater growth, employment opportunities and investments in the country. Present study mainly discusses on the global economic situation and Indian s external sector and trends in Indian foreign trade.