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Abstract
The World Trade Organization (WTO),formed on 1st January 1995, functions to promote and regulate international trade between its member countries. It was formed as a result of (1986-1994) Uruguay round of GATT negotiations, thus becoming a widely accepted International organization. Its main function is to act as a convention for international cooperation on trade related policies and creation of codes of conduct for member governments. The functions of WTO move around WTO agreements, negotiated and signed by the world's trading nations and authorized in their parliaments. India being one of the 139 founding members of the WTO plays a relatively minor role in global trade. The main object of this paper is to understand WTO Policies, to know the impact of WTO policies in the Indian Economy, to know how trade centers comply with those policies.Despite of the sluggishness in the economy owing to decrease in exports, it has been forecasted that the global situation is likely to improve in future, which would have a positive impact on Indian economy. India being a developing nation is one among the most favoured members of the WTO owing to its friendly relations with most of the developed nations such as the U.S.A, Japan, etc. In this paper we mainly focus on the impact of WTO’s policies on the Indian economy and its global impact.