WTO and Indian Agriculture

Ram Kumar Jha, Pradeep Kumar and Tattwamasi Paltasingh (2009), "WTO and Indian Agriculture", Opportunity and Challenges in the Global Business, Edited By: V. K. Gautam, B. S. Bhandari, S. M. Anas Iqbal and Vivek Kapre, Excel Books, New Delhi, pp. 457-465 (ISBN: 978- 81-7446-718-8).

11 Pages Posted: 4 Feb 2015

See all articles by Ram Jha

Ram Jha

CUTS International

Pradeep Kumar

Indian Institute of Fashion Technology (IIFTR), Students

Tattwamasi Paltasingh

Sardar Patel University - Sardar Patel Institute of Economic & Social Research (SPIESR)

Date Written: October 1, 2009

Abstract

The objectives of the study are (1) To know the variation in capital formation in Indian agriculture, after the establishment of WTO; (2) To know the farm subsidy and productivity variation of Indian farm sector in accordance with WTO and (3) To judge the issues and concerns for Indian agriculture with regard to WTO. India is the largest producers of various crops in the world but its share in the world agricultural trade is less than one percent. The productivity of Indian farm sector is much lower as compared to International level, for which government has to take serious steps to remove the institutional and technical factors responsible for the low levels of productivity.

After the establishment of WTO, there had been serious talks, to liberalize agricultural trade, to ensure proper market access for agricultural goods in the world market, to reduce distortion in the world agricultural trade caused by huge amount of farm and export subsidies provided by developed countries and to bring developing countries at par with developed world. The share of agriculture is very low in developed countries. It means the share of agriculture is also reducing in developing countries in their economy. The study also analyses, the Gross Capital Formation in agriculture (Public Investment) is slightly decreasing since 1995. However, the private investment in agriculture has marginally improved.

Keywords: WTO, Invetment, Indian Agriculture, Producitivity

JEL Classification: E20, Q10, Q18

Suggested Citation

Jha, Ram and Kumar, Pradeep and Paltasingh, Tattwamasi, WTO and Indian Agriculture (October 1, 2009). Ram Kumar Jha, Pradeep Kumar and Tattwamasi Paltasingh (2009), "WTO and Indian Agriculture", Opportunity and Challenges in the Global Business, Edited By: V. K. Gautam, B. S. Bhandari, S. M. Anas Iqbal and Vivek Kapre, Excel Books, New Delhi, pp. 457-465 (ISBN: 978- 81-7446-718-8)., Available at SSRN: https://ssrn.com/abstract=2558986

Ram Jha (Contact Author)

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Pradeep Kumar

Indian Institute of Fashion Technology (IIFTR), Students ( email )

India

Tattwamasi Paltasingh

Sardar Patel University - Sardar Patel Institute of Economic & Social Research (SPIESR)

Thaltej Road
Ahmedabad, Gujarat 380054
India

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