1. Introductory, 2. International Economics as a Separate Branch of Economics, 3. Some Analytical Tools, 4. Classical Theory of International Trade, 5. Terms of Trade, 6. Modern Theory-I, 7. Modern Theory-II, 8. Growth and Trade, 9. Gains from Trade, 10. Rate of Exchange-I, 11. Rate of Exchange-II, 12. Balance of Payments: The Concept, 13. Foreign Trade Multiplier, 14. Balance of Payments: Adjustment Mechanism, 15. Free Trade vs Protection, 16. Trade Policy: Tariffs, 17. Quantitative Restrictions: Quotas, 18. Dumping, State Trading and Export Subsidies, 19. Import Substitution vs Export-led Growth, 20. Foreign Aid vs Trade, 21. Foreign Direct Investment and Outsourcing, 22. Theory of Economic Integration: Globalisation, 23. Theory of Economic Integration: Regional Blocs, 24. Regional Groupings: Some Recent Developments, 25. General Agreements on Tariffs and Trade, 26. General Agreement on Trade in Services (GATS), 27. India's Merchandise Foreign Trade, 28. India's Balance of Payments, 29. GATT/WTO and India, 30. India's Trade Policy • Subject Index • Name Index