The following booklet is titled “WTO and Indian Industry ” was published on February-March, 20, 2001, and was authored by S.S Bhandare. The booklet begins with the introduction of the framework and history of the World Trade Organisation and goes on to explain how it plays an essential role in various features of Indian Industry context. In order to talk about the Indian based aspects of the WTO, the author goes to explain it from a globalised point, stating trade dimensions and patterns of several essential and dominant countries. Text further elaborates the structure of the WTO and its sub-organisations in brief. Author then highlights the areas of concern for the Indian Industry taking the cognisance of how flexible can the market be in terms of unstable political economy. The author also recognises that the problems that Indian industry continues to face is because of the unstable political economy and the late coming of LPG. The history of tariffs, permits and Intellectual property rights is also elucidated upon in the text. By the end of the text, a parallel is drawn in order to bring in light the comparison between the trade and economy before the era of liberalisation and after the said era. The author shows this comparison with empirical data and universally studied facts and figures.