The impact of the World Trade Organization (WTO) on Indian business is extensive and diverse. India has greatly strengthened its international commercial ties since joining in 1995, taking advantage of lower trade obstacles and improved market access. A rules-based international trading system has been made possible by the WTO, giving Indian companies a regulated framework for trade.
But problems still exist. The difficulties of international trade talks have been highlighted by disagreements over intellectual property rights and agricultural subsidies. India's industrial and agricultural industries, which are vital to the country's economy, are nevertheless suffering from the effects of global trade dynamics. India must carefully weigh the benefits and difficulties presented by the WTO as it negotiates the changing global economic landscape.