Globalization is the origin of economic integration that gives rise to international business which includes under its purview all the commercial activities that take place for viewing, distributing, purchasing and consuming goods, services, technology, capital or knowledge across international boundaries. Simply put globalization means integration of national economy with the world economy. This research aims to identify and study the concept of international trade focusing on trade creation and trade diversion in Indian economy under the light of regional economic integration whilst emphasizing on Indian Free Trade Agreements (FTAs) radically for dynamic industries in which subject knowledge is continuously evolving.

Keywords: Economic Integration, International Business, Free Trade Agreements, Indian Economy.