One of the most affected and major world trends in the past two decades has been the rapid, sustained growth of international Trade. Markets have converted truly worldwide for most goods, many services and especially for financial instruments of all types. In this research paper researcher examine the studies on the influence of commercial and technological aspects, resulting from international trade on the physical accumulation and quality of productive factors. We remark that international trade and economic growth constituted two inseparable branches of economics. In this era, it is believed that international trade has a positive effect on the economic growth. At present, International Trade is a rapidly growing area of study that deals with the development and management of multinational companies. Due to Globalization, many businesses now operate in the international market place. In latest developments the international trade theory permissible us to get a better understanding of the relation between international trade and economic growth. Its role and contributions to the gross domestic earnings, employment generation, economic development and poverty reduction in developing and underdeveloped countries. The main aim of this paper is to examine in-depth the contributions and relationship between international trade and the economic growth. Furthermore, this paper recommended various policies that would encourage and increase the multiplier effect of international trades. Some policies are targeted towards exchange rates, tariffs, import and export duties, subsidies and actions that promote international trade. It is concluded that international trade is a key macroeconomic driver that must be encouraged for development of global economy from various perspectives. Some of the recommendations include the adoption of friendly and pro-active export promotion policies, availability of grants, aids, subsidies and loans, automation of the agricultural sector, adoption of flexible exchange rate, etc.The main aim of this paper is to study of international trade and also ascertain the impact that it exerts on the global economy by narrowing down to regional, multidimensional and mutual trade agreements and their effects.

Keywords: Economic Growth, International Trade, Global Economy, Globalization, Exchange Rates, Tariffs, Import and Export Duties.