Indian vector: peculiarities of commodity export changes in the context of the formation of a new global economic order

The events of 2022 revealed a number of problems of global importance and became the starting point for the formation of new trends in the global economy and international economic relations. Anti-Russian sanctions and the rebalancing of Russia’s main trading partners, the ongoing BRICS summits and their results, damage to pipeline branches, have actually reinforced the trends towards the “rise” of the countries of the Global South, and led to changes in the participation of Asian and African countries in the system of international economic relations and in the world markets of goods and services. The study is devoted to identifying the shifts that have occurred, in particular, in the foreign trade of the Indian Republic, namely, in the structure, geography and dynamics of Indian commodity exports. This study is more than relevant, not only because India is a strategic and privileged partner for Russia, but also because after 2022. Such significant shifts have taken place in Indian foreign trade, which can contribute not only to changing the role of the country’s place in the system of international economic relations and in the world markets of goods and services but also become a kind of driver of economic growth and an instrument of India’s economic policy aimed at turning the country into an international industrial hub. In the process of conducting the research, the author refers to such methods of economic analysis as: induction, deduction, retrospective, comparative analysis, which allow for a fairly accurate and in-depth study of the selected problem. The results of the work carried out revealed: a rebalancing (rotation) of India’s main trading partners, a significant change not only in the total value of India’s foreign trade, but also a significant change in export values by trading partner; transformation of commodity groups exported by India in favor of the predominance of fuel and energy resources; change in the weight and nomenclature of Indian-Russian trade; threats and challenges facing India from Western economies and their foreign economic policies.