India’s trade performance post-liberalisation is examined, focusing on export margins and competitiveness in the organised manufacturing sector. As trade integration deepens, manufacturers are expected to specialise and broaden their product range, enhancing international competitiveness. Significant growth in both exports and imports is observed, with a notable shift in the composition of exports towards modern, technology-intensive products, indicating a move towards higher value-added exports. While India’s extensive margin, particularly in bilateral trade with the United States, has been robust, intensive margins show limited improvement, especially for exports to China. Revealed comparative advantage analysis showed that low-tech segments have remained competitive while high-tech industries were unable to improve competitiveness and the global market share.