You are here: Home » Economy & Policy » News
12% uniform GST rate on apparel and footwear from Jan evokes mixed reaction
icon-arrow-left
Rane launches Credit Linked Capital Subsidy Scheme for services sector
Business Standard

Global Value Chains and trade statistics: Why do they matter?

Global value chains and their linkage with the trade statistics may lead us to interesting conclusions on inconsistency between trade statistics and modern trade

Topics
Supply chain | trade | Indian Economy

Surjith Karthikeyan 



exports
The trade war was cutting off the linkage of Chinese contract manufacturers with existing GVCs, and may damage China’s export capacity in the long run

Global value chain (GVC) is perceived by the developing countries to improve their manufacturing sector, with the help of their comparative advantage of cheap and skilled manpower. It is also seen by them as an opportunity to reduce the deficit.

For the path to GVC, an economy’s government and private sector should work in coordination to develop its domestic manufacturing companies to enable them to compete globally. This involves innovation coupled with skilling manpower and at the same time enabling competitive global access. Reducing the cost of compliance and developing infrastructure facilities also seems necessary on which India is in the front run.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, November 19 2021. 21:32 IST

RECOMMENDED FOR YOU

.