India’s Electronics Manufacturing Services (EMS) industry is on the brink of a significant revenue surge, with projections indicating a more than doubling of revenues to reach US$ 55 billion by FY 27. This anticipated growth is fueled by increased local component sourcing and the expansion plans of global tech giants...
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...
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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