Strategic Cost Management and India's Global Trade Competitiveness: Visioning Amrit Kaal @2047

In the era of globalization and increasing market competition, effective cost management has become a criticalfactor in improving the global competitiveness of industries. Strategic Cost Management (SCM) plays animportant role in helping organizations control costs, enhance operational efficiency, and maintainsustainable growth in international markets. This study explores the role of strategic cost managementpractices in strengthening India’s position in global trade, particularly in the context of the vision of AmritKaal @2047. The paper highlights how modern cost accounting techniques such as activity-based costing,target costing, and cost control mechanisms can support Indian industries in improving productivity andpricing strategies. By analyzing the relevance of cost management in international trade dynamics, the studyemphasizes the need for adopting innovative and strategic cost practices. The findings suggest that effectivecost management can significantly contribute to enhancing competitiveness, promoting exports, andsupporting India’s long-term economic development goals