Electronics: Powering India’s Participation in Global Value Chains
On 18th July, 2024, NITI Aayog launched the report titled “Electronics: Powering India’s Participation in Global Value Chains”.
- The report extensively analyses India’s electronics sector, emphasizing its potential and challenges.
- It also outlines specific interventions needed for India to emerge as a global manufacturing hub for electronics.
Major Highlights
Global Value Chains (GVCs)
- Global Value Chains (GVCs) are critical in modern manufacturing, involving international collaboration across design, production, marketing, and distribution.
- They represent 70% of international trade, highlighting India’s urgent need to enhance its participation, especially in electronics, semiconductors, automobiles, chemicals, and pharmaceuticals.
- Electronics, in particular, is pivotal, with 75% of its ....
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