Effect of Functioning of WTO on Indian Economy : The developing countries like India feel cheated as they are forced to open up their markets for the developed countries but are not allowed access to the markets of developed countries. Favourable Impacts of WTO working : WTO creates environment such as international trade among member countries in an open, uniform and non-discriminatory manner. Unfavourable Impacts of WTO : WTO is dominated by the developed countries, especially by America, European Union and Japan etc. Developing and poor countries are seldom consulted until the rich nations complete their negotiations.