India's low score on GVC a starting point for recovery from pandemic: AIIB

India rated 7.4 percentage points below the average global value chain participation rate for emerging economies

A report from the Asian Infrastructure Investment Bank (AIIB) has rated India at 7.4 percentage points below the average global value chain (GVC) participation rate for emerging economies.

The highest contributor among emerging economies, that on an average have 50 per cent participation in GVC, is Malaysia. Among advanced economies that have an average 60 per cent participation, it is Norway.

India scored low on the scales of productivity, innovation and role of foreign subsidiaries in trade. Hong Kong, China, Republic of Korea and Singapore scored high on most parameters and had high backward linkages. The Republic of Korea, however,