Post Liberalization Era - Indian Economy-Agriculture and WTO [IAS (Admin.) Mains Economics]: Questions 1 - 3 of 3
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Question 1
Appeared in Year: 2019
Describe in Detail Subjective▾
Examine how international agreements under the World Trade Organization have affected Indian agriculture and industry.
EditExplanation
- World Trade organization (1995) is the apex institution that manages trade and trade related issues across countries.
- It is influencing our agriculture in a negative way when it comes to the case of export subsidies. WTO is not promoting export subsidies because export subsidies ruin healthy competition in the international agricultural market. If s…
… (318 more words) …
Question 2
Appeared in Year: 2022
Describe in Detail Subjective▾
What is the main purpose of General Agreement on Trade in Services (GATS) ? What are the services covered under it? State the modes under which the services are supplied. (Paper II)
EditExplanation
The General Agreement on Trade in Services (GATS) is a multilateral agreement that seeks to promote trade in services among member countries of the World Trade Organization (WTO) . The main purpose of GATS is to create a framework of rules and principles for the international trade of services, including measures that restrict or distort trade in s…
… (224 more words, 3 figures) …
Question 3
Appeared in Year: 2022
Describe in Detail Subjective▾
Answer the following questions in about 150 words each; (Paper II)
Discuss the prospects and challenges faced by Indian agriculture due to World Trade Organization (WTO) provisions.
EditExplanation
India՚s agriculture sector faces both prospects and challenges due to the provisions of the World Trade Organization (WTO) . Some of the main prospects and challenges are:
Prospects
The main prospects of WTO are as follows:
- Access to global markets: The WTO provisions provide Indian agricultural products with greater access to glo…
… (345 more words, 10 figures) …