Analysis of India's Export Performance in the Pre and Post WTO Regime

WTO is a rule based multilateral trading system of the world. It was established on 1st January, 1995 by replacing General Agreement on Tariffs and Trade (GATT). WTO is based on the principles of non-discrimination, free trade, and promotion of fair competition among the member countries. About 95 percent of the world's trade is governed by the rules and regulations of WTO. The QUAD countries (USA, EU, Canada and Japan), with their share of 80 percent of the global trade, dominate the decision-making of WTO. The scope of this paper is limited to India's Export performance during the Pre and Post WTO periods.