Some economists, who favoured free trade, had predicted that world prices would rise after UR agreement and with establishment of WTO, but the factual position is quite different. Since 1995, world whole sale prices of commodities are falling at the rate ranging 1 to 17%. Secondly Indian commodity prices are rising at the rate of 1 to 7% . Minimum support price given to some commodities is rising at the rate of 5-7%. The trend growth of agricultural commodities prices appear to be same as rupee devaluation. As the rupee depreciates, the domestic whole sale prices are appreciating, this in turn affects our competitiveness. Price rise equivalent to the rate of rupee depreciation cannot be ignored.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by EconWPA in its series International Trade with number
0311005.
Length: 28 pages Date of creation: 25 Nov 2003 Date of revision: Handle: RePEc:wpa:wuwpit:0311005
Note: Type of Document - word doc; prepared on win98; to print on inkjet a4; pages: 28; figures: none Contact details of provider: Web page: http://129.3.20.41
For technical questions regarding this item, or to correct its listing, contact: (EconWPA).
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)