Patterns of economic growth and agreements on international trade both impact the economy, nationally and globally. This chapter compares alternative patterns of economic growth with a bilateral free trade agreement between India and the EU and a multilateral trade agreement in the context of the World Trade Organization (WTO). It is concluded that rising patterns of economic growth in India would be beneficial for the country with gaining importance as a net-exporter of industrial products and a net-importer of services. With respect to agriculture, the net-imports of crop products would increase. Meanwhile, the increasing prices of farm land would lead to intensification in Indian agriculture.
|Title of host publication||International Trade and Food Security|
|Subtitle of host publication||The Future of Indian Agriculture|
|Editors||F. Brouwer, P.K. Joshi|
|Place of Publication||Wallingford|
|Publication status||Published - 2016|