| Autor: |
Ramachandran, Subramanian, Chandramohan, B. P., Taibangnganbi, N. |
| Předmět: |
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| Zdroj: |
Library of Progress-Library Science, Information Technology & Computer; Jul-Dec2024, Vol. 44 Issue 3, p16773-16747, 13p |
| Abstrakt: |
Indian economy has been growing rapidly in the post liberalisation period since 1991. India's share of global GDP has grown between 2017 and 2023, rising from 3.2% to 7.59%. However, India's export performance lags in comparison to the growth of its GDP. India's export performance marginally improved from 1.7% in 2018 to 2.1% in 2022, despite exports having expanded to 115 countries. While the ranking of merchandise export advanced to 17th, share of value-added improved only marginally from 1.7% in 2014 to 1.82% in 2023. The FDI inflows and GVC participation delivers a plethora of benefits such as knowledge spill overs, access to technology, productivity growth, job creation and improved competitiveness. India with its specialisation and comparative advantage in low, medium and high-skilled labour and technology-intensive manufacturing has benefited from both FDI inflows and GVC participation. Nevertheless, India's integration into GVC is slow and significantly lower compared to other emerging economies. This descriptive study attempts to identify the determinants of GVC participation, and constraints faced by MSMEs in GVC integration. The study recommends intensive augmentation of service inputs to increase MSME involvement for higher capacity utilisation and improve integration of both Domestic Value Chain (DVC) and Global Value Chains (GVC) for improving the overall performance of the MSMEs. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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