Unlocking India’s Potential: Harnessing global value chains
By: Suryaprabha Sadasivan, Senior Vice President & Saptarshi Lahiri, Manager, Chase India.
India's integration into Global Value Chains (GVCs) offers significant opportunities for economic growth, resilience, and innovation. Focused efforts on sectors like green chemicals and electric vehicles, alongside policy support, R&D, and skill development, will shape India's future role in global trade.
Presently, around 70% of global trade involves GVCs, underscoring their pivotal role in the global economy. However, the last decade has exposed the fragility of these networks. Trade wars, geopolitical tensions, and the lingering effects of the pandemic have forced countries to rethink their supply chain strategies.
