Answer the question in maximum 200 words. This question carries 11 marks. [MPPSC 2022]
Explain the possible impacts of Indian agriculture through World Trade Organization.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
The World Trade Organization (WTO) plays a crucial role in shaping the landscape of Indian agriculture through its trade policies and agreements. One significant impact is the promotion of trade liberalization, which can provide Indian farmers with greater access to international markets. This increased market access may lead to higher income opportunities for farmers, particularly for cash crops like cotton and spices, enhancing overall agricultural exports.
However, the WTO also presents challenges. The reduction of tariffs and trade barriers exposes Indian farmers to global competition, which can undermine local prices and threaten the livelihoods of smallholder farmers who may struggle to compete with subsidized agricultural products from developed countries. Furthermore, WTO rules on agricultural subsidies can limit the Indian government’s ability to support its farmers effectively, potentially harming those who rely on state assistance for survival.
On the positive side, engagement with the WTO can facilitate technology transfer, encouraging the adoption of advanced agricultural practices and improving productivity. It can also attract foreign investment in the agricultural sector. Ultimately, the impact of the WTO on Indian agriculture is multifaceted, necessitating strategic policy measures to protect vulnerable farmers while harnessing the benefits of global trade. Balancing these interests is essential for sustainable agricultural growth in India.