Study of Role of WTO in India’s International Trade: Impact and Recommendations

Vol-4 | Issue-02 | February 2019 | Published Online: 20 February 2019    PDF ( 197 KB )
Author(s)
Dr. Prakash G. Patel 1

1Assistant Professor of Economics, Shri H.K. Arts College, Ahmedabad, Gujarat (India)

Abstract

The purpose of the present paper is to examine the Impact of World Trade Organization on Foreign Trade in India. On January 1, 1995 when World Trade Organization (WTO) came into existence the entire economy of the world affects in respect of international trade because WTO framed the new global trade rules for international trade. This study is concerned with implications of the WTO with reference to India. How much trade has been increased by India after the implementation of the WTO. It concluded that trade of the India has not been increased up to the expectations that results in to low gaining of benefits from world trade.

Keywords
WTO, Indian Economy, Agriculture, Foreign Trade
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