A Comparative Study of Indian Pharmaceutical Exports Pre and Post WTO Era

Export plays a significant role in the economic development of a country. It is even more important for developing country like India which needs foreign exchange for financing its ongoing as well as new projects to generate employment, achieve higher rate of growth. Implementation of poverty elevation programs, improve the standard of living of its people and stabilize the price level. Role of WTO is very important in export. The WTO was established in 1995 and when compared with the GATT, was much wider in scope, with a stronger institutional basis and with treaty status. The main aim of this paper is to analyze the Indian Pharmaceuticals Export performance, pre and post implementation of WTO policies. It is clear that after implementation of WTO policies, compound annual growth rate (CAGR) of India's Pharmaceuticals export have positive growth rate.