Impact of WTO on Indian Agriculture Sector

Abstract

The problem identified in the existing agreement on patents, tariff, subsidies, trade andagriculture indicate that the developing countries are waking up to the need to ensure that India has to take the lead in ensuring that the WTOregime is used to maximum advantage to protect the interests of developing countries.World Trade Organization should provide the equality policies and resolution among the membership countries and not divide the developed countries’ products, and developing countries’ products in International market level. Better understanding and agreements have to be negotiated for better prosperity.

Indian agriculture has undergone significant changes and transformation during the last fifty years. The underlying factors for these changes were different in different periods. During the 1950s and 1960s institutional reforms like land reforms and development of irrigation and other infrastructures played a major role in output growth. Technological breakthrough has been the prime mover during 1970s, and spread of technological changes to wider areas and crops has been the main factor during 1980s.