India could become a key player in the global electronics manufacturing sector with the help of active participation in the supply chains for manufactured exports, particularly by integrating "backwards" into the value chain, revealed a report from the Centre for Development Studies (CDS).
This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to an official statemen
New Delhi [India], September 10: Global value chains (GVCs) are essential to modern manufacturing, representing 70 per cent of global trade. In India, GVCs are particularly vital for the electronics sector, with 75 per cent of exports relying on them. To enhance its position, India must focu