Volume : V, Issue : VII, July - 2016

IMPACT OF WORLD TRADE ORGANIZATION (WTO) ON INDIAN AGRICULTURE SECTOR: AN ANALYSIS

Mr. Dubba Ranjith

Abstract :

 International trade is defined as trade (Imports and Exports) of goods and services of nation with rest of the world. In other words International trade is the exchange of goods and services between countries WTO was established on 1st January 1995 by replacing General Agreement on Tariffs and Trade (GATT), which was in existence from 1947 to 1994. India is a founder member of WTO. The main aim of this paper is to the impact of world trade organization (WTO) on Indian agriculture sector. India is no exception to these general trends, with a few special features. During last two decades India’s agricultural exports as a part of total merchandise exports have continued to decline from the preponderant position they occupied in the pre–independence. But with the achievement of self–sufficiency in food grains and some other major agricultural commodities, which used to account for large portion of import bill, overall imports of agricultural commodities have sharply declined. The outlay on agricultural imports as a proportion of earnings from agricultural exports has progressively declined, and all the balance has become progressively more favorable. Discussion on these issues has, naturally, to take into account the new trade regime as the stated objective of firstly to study the performance of India’s agricultural exports under WTO regime. Secondly, to analyze the competitiveness of top agri–exports of India under WTO regime. Finally, to suggest policy measures in the identified India’s agricultural. In the first part of discuss iefly introduce, the developments in agricultural trade specially the agricultural exports at the world level in the recent years and discuss the performance of Indian agriculture in this respect finally shaped the shifts in this policy. Final part, I will try to spell out the ingredients of a strategy to augment agricultural exports in the changing, and more demanding, global economy

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Mr.DUBBA RANJITH IMPACT OF WORLD TRADE ORGANIZATION (WTO) ON INDIAN AGRICULTURE SECTOR: AN ANALYSIS International Journal of Scientific Research,Volume : 5 | Issue : 7 | July 2016

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