| Popis: |
Indian economy is in a downward spiral some say it is because of the Modi government, some say it is because of US and China trade wars, while others say that it is the world economy influencing the Indian Economy. But, the main reason why Indian economy is slowing down can be attributed to its agriculture industry. Yes, the above forces do influence the economy of a country but India being an agriculture based economy is substantively impacted by it. Agriculture can be summed up in some of its facets such as farmers, how they produce, what they produce, how much they produce and how much of the produce gets sold and thus revenue generated. Most significant revenue generation from the agricultural sectors come through exports of its products and this is governed by the World Trade Organization’s Agreement on Agriculture. This article analyses the Agreement on Agriculture and provides in-depth analysis of India’s obligations under it to clarify and all misinformation of India not fulling its obligations that prevail outside the academic world of Law. The paper also explores the legal dimensions of the ongoing agrarian distress while relating it the International Laws. The paper suggests policies that could be changed or amended in order to bring export-led growth to the agrarian sector in deep distress a much needed and pending boost that the author thinks can revive the aging economy of the country. |
