Article 246 of the Indian Constitution empowers the Parliament to regulate trade and commerce among states.

The primary objective of the ISTC Policy is to promote free and fair trade between states, thereby fostering economic growth and development.

The Supreme Court of India is the highest judicial body in India and has the authority to resolve disputes related to inter-state trade and commerce.

The 'One Nation, One Market' concept aims to eliminate trade barriers between states, promote the development of a common market, and ensure equal opportunities for businesses across the country.

Inter-state trade and commerce in India faces challenges such as lack of adequate infrastructure, multiple tax regimes, and non-uniform trade policies.

The GST has simplified the tax structure for businesses, reduced the number of tax checkpoints, and eliminated the cascading effect of taxes, thereby facilitating inter-state trade.

The Inter-State Trade and Commerce (Development and Regulation) Act, 1950 prohibits the imposition of discriminatory taxes on goods imported from other states, ensures the free movement of goods and services across state borders, and provides for the establishment of inter-state trade and commerce commissions.

The NTFAP aims to reduce the time and cost of trading across borders, simplifies customs procedures and documentation, and promotes the use of electronic platforms for trade transactions, thereby facilitating inter-state trade.

The growth of inter-state trade in India is attributed to factors such as improved transportation infrastructure, economic reforms and liberalization policies, and technological advancements in communication and logistics.

The Inter-State Council provides a platform for consultation and coordination between states, resolves disputes related to inter-state trade and commerce, and recommends measures to promote inter-state trade and commerce.

The National Industrial Policy aims to promote the development of industries in backward regions, encourage the growth of small and medium enterprises, and attract foreign direct investment, thereby contributing to inter-state trade and commerce.

Inter-state trade leads to increased specialization and efficiency in production, promotes economic growth and job creation, and enhances competition and innovation, contributing to the overall economic development of a country.

Potential barriers to inter-state trade include lack of uniformity in trade regulations, discriminatory taxes and tariffs, and non-tariff barriers such as technical regulations.

The WTO sets rules and regulations for international trade, provides a forum for negotiations and dispute settlement, and promotes trade liberalization and economic cooperation.

The WTO's Most-Favored-Nation (MFN) principle ensures that all member countries must be treated equally in terms of trade, prohibits discriminatory trade policies, and requires that trade concessions granted to one country must be extended to all other member countries.