Q. Consider the following statements:
1. India is a signatory to Information Technology Agreement (ITA) of World Trade Organization.
2. India raised its global market share of information technology products from 2% to 14% between 2000- 2011.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: India is a signatory to the Information Technology Agreement (ITA) (now also known as ITA-1), a plurilateral agreement of WTO.
- As on date, there are altogether 75 member signatories, including 27 EU member countries, accounting for about 97 percent of the world trade in Information Technology (IT) products.
- India joined the ITA on 25th March 1997. India’s experience with the ITA has been most discouraging, which almost wiped out the IT industry from India.
- The real gainer from that agreement has been China which raised its global market share from 2% to 14% between 2000 -2011.
