The impact of the WTO on the Indian economy has been a subject of debate. Some of the key points regarding its impact on India are: Trade Liberalization: India's participation in the WTO has led to trade liberalization, reducing tariffs and other barriers to trade. This has opened up opportunities for Indian businesses to access foreign markets and has exposed domestic industries to international competition. Increased Exports: WTO agreements have helped India enhance its export prospects, particularly in sectors like information technology, pharmaceuticals, textiles, and services. Challenges for Agriculture: The reduction of agricultural subsidies in developed countries under WTO agreements has posed challenges for Indian farmers, as they face competition from subsidized products from other nations. Intellectual Property Rights (IPR) Issues: WTO's Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) has influenced India's patent laws and access to affordable medicines. Investment Opportunities: The WTO's rules and regulations have encouraged foreign investment in India, boosting economic growth. Dispute Settlement: India has utilized the WTO's dispute settlement mechanism to address trade-related issues with other countries successfully.