India needs GVCs

Asrani, Chavi (2024) India needs GVCs. The Hindu Businessline.

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The establishment of World Trade Organisation in 1995, saw countries slashing trade barriers and adopt policies to attract FDI. This facilitated advancement of global value chains (GVCs) that internationalised production fragmentation thus promoting economic growth, increasing job creation and reducing poverty. With the advent of ICT revolution world witnessed intensified globalisation. As per World Bank, about 50 per cent of global trade is via GVCs. This is twice as much as conventional trade.

Item Type: Article in News Papers and Magazine
Keywords: World Trade Organisation | Global Value Chains (GVCs) | FDI
Subjects: Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal School of Banking & Finance
Depositing User: Subhajit Bhattacharjee
Date Deposited: 17 Apr 2024 16:59
Last Modified: 17 Apr 2024 16:59
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