Exports through value chains account for about 70% of global exports. Currently, India is a small player in global value chains (GVCs), smaller than several smaller economies like the Republic of Korea, Malaysia and Russia. Atul Kaushik, Additional Secretary (Retd), Government of India and Vice Chairman, Committee for Advanced Trade...
The disruption of supply chains following the Covid-19 pandemic illustrated the complex nature of world trade and interlinkages between countries. Dr Saon Ray analyses India’s current integration into global value chains, the critical roadblocks and strategies to be adopted. The disruption of supply chains following the Covid-19 pandemic is well...
Firms across the world try to optimise their production processes by locating the various stages across different sites, giving birth to global value chains (or GVCs). GVCs include international production sharing, a phenomenon where production is broken into activities and tasks carried out in different countries. Intermediate products cross several...
Rashmi Banga, Senior Economic Officer, UNCTAD, feels that instead of a recourse to rapid globalisation post-pandemic, the world should look at a balanced approach to address the inherent weaknesses of the previous wave of globalisation – growing inequality, rising levels of debt, declining share of labour in income and increasing...
The onset of COVID-19 has exposed the perils of an overdependence on Chinese manufacturing to nations and corporations across borders. This is being viewed as an invaluable opportunity for other nations to emerge as alternate manufacturing destinations. India Business & Trade takes a look at the current dynamics of global...
Strengthening India’s backward linkages in global value chains is critical to improve domestic value addition, especially in high-end manufactured products. Similarly, India’s forward integration is weak with developed markets like US and EU, an issue that needs to be urgently addressed. • Global value chains bring a plethora of opportunities,...
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