Assertion: India had signed the WTO Treaty in the 1990s leading to economic liberalization.
Reasoning: The legal services sector under the GATS (General Agreement on Trade and Services) has also been liberalised in India pursuant to WTO treaty.
Answer & explanation
Correct answer: option 3
India had signed the WTO Treaty in the 1990s leading to economic liberalization, it is also expected to liberalize the legal services sector under the GATS (General Agreement on Trade and Services) and services negotiations under various free trade agreements/ economic partnership agreements.