Political economy of trade blocs is an essential piece of research and case when come to rapid globalization. Political orientations dominated the world since from world wars but now economic systems are spinal cord to economic integration and agreements among nations. India predominantly played a major role in NAM (Non Aligned Movement) by keeping away from the war blocs and India taught the world about the neutrality which is one of the reasons behind the popularity of India among world nations; The world trade and India can be best seen as member of WTO and also having many bilateral trade blocs orientation with many democratic nations across globe. FACTS AND ISSUES: There are many important factors designing the overseas trade, such as the amount and type of resources within a county, distribution of purchasing power, and influences of political factors. In fact, in the present day global trading system, it is politics that dominates the factors. In fact, in the present day global trading system, it is politics that dominates the system. The distortions in the pattern of trade are created and maintained by the governments of different nations for reasons for differing domestic policies. India has been the coordinator of thedeveloping countries Multi-lateral trade systems called WTO. The objective is to facilitate the world trade although imprecisely defined, economicglobalization has almost become a catch phrase atthe end of the twentieth century, and for goodreason. Globalization is a multifaceted phenomenon. The debate covers a range of trends in economic, finance,technology, business, and international relations,which may be mutually reinforcing but which havediverse origins. As conventionally understood,international trade and capital flows are central to theglobalization process. As we know, the global trade liberalization is maintained in the new century? The answer to this query is erucial for the global economic growth, a fortiori for the economic prospects of developing economies. There is a backlash against trade liberalization and globalization. There is little likelihood that the global economy will succumb to the recent backlash against There is little likelihood that the global economy will succumb to the recent backlash against trade reforms. However, if the apprehension is realized, both developing and industrial economies will squander substantial opportunities for growth. Consequently, global integration will suffer. DECIDE: 1. Political Economy of world trade in the light of Trade Blocs? 2. How does India contribute to the making of Trade Blocs and Economic integrations? 3. North-South Conflict: Indian way of settling world disputes? 4. Win-Win situations in Regional Blocs and WTO's response? 5. Draw your attention and express your view points on the future of trade blocs: Indian perspective.