Consider the following Assertion and Reason:
Assertion (A): India is a founding member of the World Trade Organization.
Reason (R): The World Trade Organization was established replacing General Agreement on Tariffs and Trade (GATT).
Which of the following is correct with respect to the above?
Correct answer: A
Explanation
India joined the WTO on 1 January 1995, the day it was launched, so it's a founding member. The WTO came into being on that same date by replacing GATT, and the 76 GATT members (India among them) became the founding members. India's founder status flows directly from the GATT-to-WTO transition, so the Reason correctly explains the Assertion.