 "Niti aayog")
The NITI Aayog is anchoring a strategy to expand the country’s global value chains (GVCs) and, through those, increase its manufacturing footprint worldwide.
For this, it has identified automotive and electronics as two priority sectors, which, it says, are not only “dominant” but they also hold “high penetration potential”.
A GVC is international production sharing by which a full range of activities to bring a product from conception to end use are divided among multiple firms and workers across geographies (like what Apple Inc does for iPhones).
According to the Organisation for Economic Cooperation and Development, 70 per cent of
