Performance of Agricultural Capital Formation in India during To Regime: An Impact of AOA
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2017, Vol 9, Issue 1
Abstract
World Trade Organization (WTO), the modified transformation of GATT 1947 including new package of various agreements, has made easier way to flow the trade among the member countries. As India is an agro-prime country, Agreement on Agriculture (AOA) becomes very important and sensitive issue for India. But with trade openness factor some paradoxical things are included in this agreement like green box and blue box arrangement which exist especially in developed countries. Through this way developed countries may block the imports from the developing countries according their welfares without any objection of other countries. So Indian farmers are unable to compete with the cheap subsidized product of developed countries and finally they have no choice except low priced selling of their agricultural products. Thus this loss of income of farmers decreases the agricultural investment. We analyzed that the annual average of Gross Capital Formation (GCF) in agriculture & allied sectors as percentage of Gross Domestic Capital Formation (GDCF) and as percentage of Gross Domestic Product (GDP) decreased from 21.57% and 2.55% in pre WTO period to 6.22% and 2.16%, respectively, in post WTO period in India.
Authors and Affiliations
Dr. Shailza
Keywords
Related Articles
- EP ID EP248414
- DOI -
- Views 92
- Downloads 0
Analysis of Dematerialisation of Securities
Rapid pace of technical advancement and evolution of e-business has broken out traditional and conventional mindset of the people. Since last decade, tremendous changes have taken place almost in every sector and financi...
Indian Economy and Small Business Administration (Umbrella Cover to SSI Sector)
The present work throws light, in general, on Small Scale Industry in India and role of Government to enhance the SSI sector, the present work will discuss the role of SSI along with general economy of the country. Furth...
Socio-Economic Empowerment of Women
Women’s empowerment in India is challenging task as we need to acknowledge the fact that the gender based discrimination is a deep rooted social malice practiced in India in many forms since thousands of year. Women’s e...
Effect of Country of Origin on Brand Perception of Indian Consumer : A Study on Selected Electronics Products
In recent years, all the international and global companies from all over the world with any origin try to capture market share in other countries. Marketers have to consider the impact of country of origin in society to...
Urban Development Planning: The Need for a New Parasdigm
Planning solutions are viewed as a strategy for building new cities and as a means for upgrading existing cities. Little clarity, however, exists about the constituents of possible new paradigms of urban planning. This p...