Question

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How will the WTO affect indian
eccenemy!​

Answer 1

India perceives that the trade under WTO regime would benefit it in several ways. ... The phasing out of MFA by 2005 will benefit to India as the exports of textiles and clothing will increase. Tariff reductions and reduced non-tariff barriers shall facilitate greater access of foreign markets.

Answer 2

Answer:

WTO have both favorable and non favorable impact on Indian economy

Explanation:

Favorable Impact

Increase in export earnings

1. Growth in merchandise export

Unfavorable impact

TRIPS (Trade related aspects of intellectual property)

1. Projection of Intellectual property has been the major concern of the WTO. As a member of WTO , India has to comply TRIPS standards.

2. However, the arrangements on TRIPS go against the Indian patent act 1970.