MSP Subsidies: India VS WTO | Why Are India's MSP Programmes Under Scrutiny At WTO? | UPSC Economy

India’s Minimum Support Price (MSP) programmes are under scrutiny at the WTO, as it is the first country to invoke the Bali ‘peace clause’. The ‘peace clause’ allows developing countries to breach the 10% ceiling without invoking legal action by WTO members. However, recently, India has been subject to criticisms at WTO for avoiding questions raised by WTO members on its minimum support price (MSP) programmes for food grain, particularly for rice.

In this backdrop, it is important to understand The Agreement on Agriculture (AoA), What is Domestic Support? What are Green, Amber and Blue box subsidies? What are the issues associated with India's MSP Programmes? What is the Bali Peace Clause? for answers to these questions and much more watch the full video. Understand various current affairs topics, strictly from the perspective of the UPSC Civil Services Examination, subscribe to our YouTube Channel Now!!!

So, if you are preparing for UPSC exams or want to improve your knowledge of the Indian economy, make sure to watch this video till the end. Don't forget to like, comment, and subscribe to our channel for more informative videos on UPSC exam topics.

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[vishalshekhar]

very important topic for bith pre and mains thankyou sir

[imvipulam]

Thank you, sir, for this wonderful lecture 🙏
Sir, I am requesting one thing: please change the pointer of the pen of small size and bold the written word 🙏

[amitgupta-ukvi]

Great initiative sir plz continue it is a very helpful you make all concepts very easy

[Mustak]

Well Sirji... thank you for this Video...
Really very relevant..!!

[butttahir]

My humble request to all the byjus faculty members please come with prelim based marathon sessions

[Frank-cbfw]

I liked the way you explained. Thank you Sir...

[hamarekisanbhai]

Sir please start economic MCQ test for prelims for 2023🙏🙏🙏.

[barupatlavinay]

Sir please add some more videos on indias external sector.

[shreyaseal]

Thank you so much for everything in the lecture sir..!! Love the way you teach!!

[kavanamn]

Sir, the content is very nice. But a small suggestion, please use another colour to write because yellow colour is too light and nor very visible.

[shivendradubey]

He is just Fab❤
Thank you byjus for this initiative

[rohitsaini-ovbc]

It is very helpful initiative thanks alot sir and byjus 😇.

[ashokindian]

Clear all food grain out of patent rights

[srikanthyadav]

Why it is not applicable to all the countries if there intention was pure??

[gouthamjd]

Please Resume economy weekly sessions sir