Structural Changes in India's Exports under WTO Regime

India adopted the New Economic Policy, which has wider implications for the internal sectors. Liberalization, Privatization and Globalization are the three pillars on which the edifice of the new economic policy has been erected in India since 1991. The World Trade Organization (WTO) which came into existence on January 1, 1995 with a view to ensure global cooperative trade environment. Now, under the changing world economic scenario as well as global trade agreement and development of institutions like World Trade Organization, the emerging world trading system may claim to change. The overall compound growth rate of India's exports was 16.11 percent under the study period; this increase trend has not been uniform and smooth. Primary products are the main source for India's exports. During 2013–14 primary products contributes 15.40 percent, Manufacture goods contribute 61.45 percent and Petroleum products contribute 20.05 percent of the total export in India. India's direction of exports is concern, Developing Countries are the main source, the share is 41.4 percent, and OECD countries constitute 34.75 percent of the total exports. In this direction the present study intends to analyze the emerging trends of India's exports under WTO regime.