The nature of international trade has changed dramatically in the last fifteen years. Earlier, the exchange was mainly in goods and commodities like textiles or minerals. Now, this has been largely superseded by the exchange of information and knowledge. For example, India has become a software giant globally, earning huge foreign exchange by exporting its IT services. Furthermore, the rise of the internet has fueled massive growth in e-commerce, allowing direct trade between consumers and businesses across borders. We've also seen the formation of various trade blocs and the increasing importance of resilient supply chains, especially after the recent pandemic. In short, trade has become more digital, service-oriented, and complex.