INTERNATIONAL BUSINESS

<p>India&rsquo;s external sectors has been growing in leaps and bounds for the last 30 odd years thanks to the policies adapted by successive governments to remove roadblocks and bottlenecks that stifle the growth and development of this sector. According to IBEF (India Brand Equity Foundation) as of 2022 its export share in global trade was just 2.1%. It plans to increase the share to 3% by 2027 and 10% by 2047. In the financial year 2022-2023 India&rsquo;s total exports (Merchandise plus Services) stood at US$770.18 Billion grew at 13.84% from the previous year.</p><p>The supply chain practices of companies are changed so much that they are scouting for best suppliers across the World to supply them the requisite components spare parts raw materials etc. not only at a competitive price but also with the best quality possible. Whosoever fulfills these basic criteria even that supplier&rsquo;s business is very small can think of doing business with any company from any part of the world.</p><p>Dr. S. Ilayasankar</p><p>Dr. K. Anish</p><p>Dr. M. N. Sasirekha</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp;&nbsp;</p>