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Globalisation has been a ruling economic paradigm directing trade, finance, production, and international business practice. In India, especially after the economic reforms of 1991, globalisation, rapid economic growth, expanded international trade, inspired foreign direct investment, and United the Indian economy with global markets.
The fundamental and moral weaknesses of a market-centric global growth model have been made clear over the past few decades by several global events, including pandemics, supply-chain disruptions, climate change, destruction of the environment, and geopolitical conflicts. Rethinking development priorities has been required for repairing these hurdles.
In this regard, the idea of planetarianism, which is also known as economic thought, has come up as an alternative framework that prioritises intergenerational justice, sustainability, ecological responsibility and ethical company behaviour. Planetarianism aims to reinterpret globalisation within constraints and social responsibilities rather than ignoring it completely.
Planetarianism aims to reinterpret globalisation within planetary constraints and social responsibilities rather than entirely ignoring it. The conceptual change from globalised to planetarianism is critically examined in this research, along with its ramifications for trade, with a focus on the Indian economy. Based on secondary material gathered from books, scholarly journals, government papers, and international institutional documents, the study is philosophical and analytical in character. By offering a comprehensive structure that links India’s sustainable development aspirations with the global economic revolution, the study belongs to the body of studies on modern trade.
Keywords:
Commerce, ESG, Ethical Trade, Globalisation, Indian Economy, Planetarianism, Sustainable development
Cite Article:
"From Globalisation to Planetarianism: Implications for Commerce: An Indian Perspective", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.11, Issue 3, page no.b728-b732, March-2026, Available :http://www.ijrti.org/papers/IJRTI2603188.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator