Essay on The World Trade Organisation (WTO) and India
Essay on The World Trade Organisation (WTO) and India !It is true that the WTO mostly benefit the developed countries. That does not mean that the developing countries like India are losing but not gaining anything. But the gains of these countries are limited as compared to those of the developed countries.Regarding the Indian Membership in the WTO, wide range apprehensions have been expressed such as: our economic sovereignty has been compromised, our agriculture would be ruined, our farmers would have to buy their seeds every year from multinations, our public distribution system would have to be curtailed, our genetic wealth would be lost, the drug prices would shoot-up, our market would become a heaven for foreigners. But A.V. Ganesan, India’s Chief-negotiator in the Uruguay Round says, “It is only…