Role of WTO in World Trade

The Impact of WTO on India's Economy and Trade

Abstract

The work paper currently analyzes India's economy before and during the World Trade Organization. Following WTO consequences, the Indian economy has experienced a significant change in trade. From 1 January 1995, as the World Trade Organization (WTO) came into existence, the whole global economy was influenced by foreign trading as the WTO formulated the existing international trade laws. This research circles around WTO ramifications with respect to India. How much exchange has India achieved since WTO implementation? The research is split into two sections ten years before and ten years after the WTO to examine the effect of WTO on India's international exchange. How well the agriculture and manufacturing industries have led to improving nations' commerce before the WTO, and how they are doing since the WTO. This claimed that India's exchange was not increased to the estimates resulting in a small gain of world trade benefits.