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The creation of WTO in 1995 and the globalization trends of the recent past have impacted the world economies- particularly those of developing countries - immensely. Countries worldwide are reshaping their economic and trade policies to meet the challenges of new rules of trade under WTO and intense competition unleashed by the forces of globalization. The changed economic milieu has affected the Indian economy - more so the agricultural sector - in several ...
Emergence of WTO and the series of deliberations under Uruguay round have changed the world economic order. Indian Government has shelved the earlier protectionist policies and opened up the economy to the world market. Undoubtedly, this has helped the Indian economy to recoup its strength with the flow of international capital and technology resulting in a robust economic position. The economy is moving steadily with more than 6 per cent DGP growth rate for the ...