Trade Liberalisation, WTO And Indian Agriculture

This book is an outcome of the series of research studies undertaken by the author on the theme of WTO, Trade Liberalisation and Indian Agriculture during the last six years. The book compares trade performance and trade flows of agricultural commodities in pre and post WTO period to find the impact of Uruguay Round Agreement on India?s agricultural trade. The author presents indepth analysis of behaviour of international prices and discusses implications of volatility in international prices for domestic agriculture under liberalised trade. The book explains the role of WTO and cyclical nature of international prices in affecting Indian agriculture and its competitiveness. Contentious issues in trade and in implementation of Agreement on Agriculture (AOA) and strategy for future negotiations are discussed in detail. The author emphasizes changes in domestic infrastructural, institutional and legal framework to improve competitiveness of Indian agriculture and its capability to face the threats and opportunities thrown by the new trade agreement. The book presents factual position relating to global agricultural trade before and after WTO and broad issues concerning developing countries. Issue of food security in relation to trade liberalisation has been addressed separately. Policy conclusions and future strategy for adjusting to post WTO situation are presented towards the end.