WTO’s IMPACT ON FOREIGN TRADE AND BALANCE OF TRADE(BOT) POSITION OF INDIA.

Abstract

The Specific objective  of the this  paper is to evaluate  the jolt of WTO on India’s Foreign Trade. On January 1, 1995 when world trade organisation( WTO) came into corporeality the exclusive economy of worldeffect in reference of world  trade because WTO formed new intentional trade rule and regulation for world trade.  This result  is covered  with jolt of WTO on foreign trade of India, how world trade has been gained  by India after the establishment of  of the WTO. The objective of the research is to analyse the effect of WTO on foreign trade of India   and Balance of Trade  (BOT) Position  during the study period(1995-96 to 2017-18). In order to check the effect of WTO on foreign trade of India  during the period(1995-96 to 2017-18)  the secondary data has been used. statistical techniques are employed in this study: Average , Percentage , Annual rate of growth(AGR) , compound annual rate of growth(CARG) ,Tabular and Graphs. It concluded that foreign trade of India  has not been gained up to the mark that results in to less gaining of vantages from foreign trade. No doubt there is positive impact of WTO on India’s foreign trade but problems from our end as we are enable to control our import’s that’s impact mostly negative  on balance of trade(BOT)  position of our country.