In the last two years, the pandemic has fuelled the need for self-sustenance and further de-globalisation of production networks in order to reduce industry-level vulnerabilities. At the same time, it has also laid bare India’s piecemeal approach in increasing its meager contribution to the global value chain (GVC).
Citing a reason for India’s near non-participation in GVC, Mithileshwar Thakur, Additional Director General, Ministry of Commerce and Industry, said India cannot ensure fast ..
Source :Economic Times