WTO Dispute Settlement Body: A Critically Analysis from Indian Perspective

A country's economy is largely dependent on trade and business activities both inside and outside of its borders. Jurisprudence on trade during the classical era had held that there should be no limitations and no state should regulate issues associated with trade. However, during the industrial revolution, most countries realized that trade between two people had an impact on the country's overall income and should therefore be governed by both domestic legislation and trans-nationalorganizations.The understanding on Rules and Procedures Overseeing the Settlement of Disputescame into effect on January 1, 1995. The multilateral trading system has been dealing with hitherto unseen difficulties on several fronts. A wide range of reasons is contributing to the trade and tariff war's escalation, which is departing from the accepted rules of trade. These include the USA and China's growing economic competition, the rise in protectionist policies, and the impasse between rich and developing nations over the direction of trade talks. The paper first gives a brief description of the DSS process. It also provides a broad, statistical overview of India’s disputes and analyses the trade.As has been noted above, India is among the most active developing country users of the WTO dispute settlement system.