World Trade Organization and Its Impact on Small Scale Industries in India

Authors

  • Rajiv Nayan   Research Scholar, Magadh University, Bodh-Gaya, Bihar, India

Keywords:

WTO, Small Scale Industries, Exponential Growth, Production, No. of Units, Export and Employment.

Abstract

World Trade Organisation to refer to the process of integration of the world into one huge market. It provides several things to several people with removal of all trade barriers among countries. WTO happens through three channels: trade in goods & services, movement of capital and flow of finance. WTO in India is generally taken to mean ‘integrating’ the economy of the country with the world economy. The real thrust to the WTO process was provided by the new economic policy introduced by the Government of India in July 1991 at the behest of the IMF and the World Bank. WTO has led to an ‘Unequal Competition’- a competition between ‘giant MNC’s and dwarf Indian enterprises’. The small scale sector is a vital constituent of overall industrial sector of the country. The small scale sector forms a dominant part of Indian industry and contributing to a significant proportion of production, exports and employment. Therefore, the present study analyzes the impact of WTO on Indian Small Scale Industries. The main theme of the paper is to evaluate the performance of SSI, before and after liberalization and compare them with average annual growth rates, to know the impact of WTO on the performance of SSI. The period of the study is 1973- 2007 and based on secondary information.

References

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  29. Time-series data pertaining has but been collected because of the following region.
  30. SIDO data gives figures for overall exports from SSI sector.
  31. Impact of WTO intern export has been analyzed.

International Journal of Scientific Research in Science and Technology

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Published

2009-08-30

Issue

Volume 1, Issue 1, Year-2007_14

Section

Research Articles

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How to Cite

[1]
Rajiv Nayan "World Trade Organization and Its Impact on Small Scale Industries in India" International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011,Volume 1, Issue 1, pp.112-122, Year-2007_14.