Year: 2018 | Month: June | Volume 6 | Issue 1

Scenario of Indian Agricultural Export of Major Agricultural Commodities in the Post WTO Regime


DOI:10.30954/2322-0465.1.2018.5

Abstract:

Agriculture was included under WTO through AOA negotiation in 1995. Today around 17% of India’s GDP (India’s GDP is US $ 2.545 trillion) is from agricultural sector and 12% of total export earning which is substantial amount to have a huge impact on nation’s economy if any change occurs in the world economy. 55% of total employment comes from agricultural sector. About 70% people directly or indirectly depends on it and about 43% of India’s total land is covered by agricultural sector. India became self sufficient in Food grain production decades after independence. It is now producing around 280 million metric tons of food grains in the world and ranks first in many major agricultural food crops in the world. But after liberalization phase started in the world with WTO (1st Jan 1995) and AOA many thing has dramatically changed in agricultural sector of India, for example, Total yield or Output, Farm Pattern, Agricultural Infrastructure, Annual Compound Growth rate in Production & Export, Imports, Prices of major agricultural food and non food materials, Export Competitiveness, quantitative restrictions, tariff & non tariff barriers, export subsidy, domestic support, sanitary & Phyto sanitary measures, Geographical Indication, Trade
related intellectual property rights etc. WTO which has replaced GATT (general agreement on trade & tariff 1947-1994) was established for multilateral trade agreements among nations is committed to Free trade, Non discriminations in trade, Removal of Quantitative Restrictions, non tariff barriers between nations and free & fair competitions in trade among nations[12]. India who is a founding member among 162 member nations of WTO, maintaining and obeying most of the clauses related to developing nations in WTO charters. Our study have looked into the norms and rules of WTO, how far India has followed those rules and what are the consequences has happened to India’s agricultural trade since WTO and a comparison between the pre & post WTO era in trading of Indian agricultural commodities. And our Findings in this small study is that India has benefitted in many extent in agricultural trade the post liberlisation or post WTO period and trade indicators are positive in many extent. This thing has surfaced many issues that may be taken for study and research. This paper like many papers compares Indian agricultural export in the pre & post WTO era but at the same time it also took into consideration the commodity wise trade and both convergence & divergence in Indian agricultural export. This paper reveals that India was specializing in agricultural commodity export in the pre WTO period but it left it and started gaining its expertise in agricultural commodity export in the post WTO era. So WTO has made mixed impact on Indian agricultural commodity export.



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International Journal of Applied Science & Engineering(IJASE)| Printed by New Delhi Publishers

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