During eighth Five year plan, India became a member of the World Trade Organization on 1 January .

Correct option is D

The correct answer is (d) 1995
· India became a member of the World Trade Organization (WTO) on 1st January 1995, during the Eighth Five Year Plan (1992-1997). The WTO was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT), which had existed since 1948. India had been a founding member of GATT and transitioned to being a member of the WTO when it was created. The WTO aims to promote free and fair trade across nations by providing a framework for negotiating trade agreements and resolving disputes.
Information Booster:
· The Eighth Five Year Plan emphasized modernization, economic reforms, and liberalization, which aligned with India's joining of the WTO.
· The WTO facilitates trade by establishing trade agreements and minimizing barriers between member countries.