CURRENT AFFAIRS

Detailed explanation-1: -After joining the WTO, foreign investments in India grew exponentially. With more foreign investment, production and exports increased. It increased the market access for textiles and clothing and agricultural products. Through exports, India earned foreign currencies, which were used to pay for imports.

Detailed explanation-2: -The WTO operates the global system of trade rules and helps developing countries build their trade capacity. It also provides a forum for its members to negotiate trade agreements and to resolve the trade problems they face with each other.