Choose the given statement is True/False

WTO created a huge impact on the world economy except for the Indian Economy.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The given statement is not valid.
WTO created an opportunity for India to trade with other countries and connect with their economies. It helped the Indian economy access foreign technology at reduced costs. But, many laws are unfavourable to developing countries like India. Developed countries dominate the WTO and can modify its rules and regulations at their convenience. Specific clauses in the WTO agreement on agriculture created a significant impact on the primary sector of India. It put various restrictions on the provision of subsidised food grains in India.
WTO created a considerable impact also on the Indian economy.

Watch 3-min video & get full concept clarity