Drivers and Benefits of Enhancing Participation in Global Value Chains: Lessons for India
This paper explores how global value chains (GVCs) can aid India’s development outcomes across primary, manufacturing, and services sectors, drawing from the Asian Development Bank’s Multiregional Input–Output Database.
Enhancing participation in GVCs can facilitate development outcomes that India strives to achieve, including generating productive employment opportunities, increasing labor productivity, and gaining a larger share of global exports. The paper evaluates the primary, manufacturing, and services sectors and economic consequences of participating in different segments of GVC, which can apply to India’s potential development outcomes. Results of the study indicate increasing GVC participation cain positively impact the economy and contribute to raising per capita income, labor productivity, investment, and exports.
Contents
- Introduction
- Literature Review
- India's Integration in Global Value Chains
- Economic and Institutional Determinants of Global Value Chain Participation
- Drivers and Benefits of Global Value Chain Participation: Empirical Analysis
- Conclusions and Policy Recommendations
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