What has been the impact of the WTO on Indian economy?

The World Trade Organization (WTO) has had a significant impact on the Indian economy since its establishment in 1995. India, as a member of the WTO, has been both positively and negatively affected by the organization's rules and regulations. The impact of the WTO on the Indian economy can be analyzed from various perspectives, including trade, agriculture, services, intellectual property, and overall economic development.

1. Trade Liberalization and Economic Growth: One of the primary objectives of the WTO is to promote global trade liberalization by reducing tariffs and non-tariff barriers. India's participation in the multilateral trading system has led to increased access to international markets for its goods and services. This has contributed to the country's economic growth by expanding export opportunities and attracting foreign direct investment (FDI).

2. Export Growth: The removal of trade barriers and the adherence to WTO rules have facilitated India's export-oriented industries, such as information technology (IT) services, ____ _________ ______ _______ ___ ______ _____.
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