| Popis: |
Enhancing participation in global value chain (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. This paper draws from the Asian Development Bank’s Multiregional Input–Output Database and highlights the role of various drivers of GVCs participation across primary, manufacturing, and services sectors. It also evaluates the drivers and economic consequences of participating in different segments of GVCs, which can apply to India’s potential development outcomes. Results of the study indicate increasing GVC participation can positively impact the economy and contribute to raising per capita income, labor productivity, investment, and exports. |
