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Home/Practice questions/Economics

EconomicsIndian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

What commitments has India made in the WTO?

What commitments has India made in the WTO?

Answer & explanation+

Correct answer: option 1

India has made commitments in the WTO to liberalize trade by reducing tariff rates and removing quantitative restrictions on imports. This is aimed at facilitating greater market access for member countries.

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