IJSSER

Title: IMPORTANCE OF GLOBAL VALUE CHAIN IN EMERGING MARKET ECONOMIES WITH SPECIAL REFERENCE TO INDIA
Authors: Azeez Anand
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Azeez Anand Apeejay School
MLA 8 Anand, Azeez. "IMPORTANCE OF GLOBAL VALUE CHAIN IN EMERGING MARKET ECONOMIES WITH SPECIAL REFERENCE TO INDIA." Int. j. of Social Science and Economic Research, vol. 7, no. 3, Mar. 2022, pp. 737-744, doi.org/10.46609/IJSSER.2022.v07i03.016. Accessed Mar. 2022. APA 6 Anand, A. (2022, March). IMPORTANCE OF GLOBAL VALUE CHAIN IN EMERGING MARKET ECONOMIES WITH SPECIAL REFERENCE TO INDIA. Int. j. of Social Science and Economic Research, 7(3), 737-744. Retrieved from doi.org/10.46609/IJSSER.2022.v07i03.016 Chicago Anand, Azeez. "IMPORTANCE OF GLOBAL VALUE CHAIN IN EMERGING MARKET ECONOMIES WITH SPECIAL REFERENCE TO INDIA." Int. j. of Social Science and Economic Research 7, no. 3 (March 2022), 737-744. Accessed March, 2022. doi.org/10.46609/IJSSER.2022.v07i03.016.
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ABSTRACT: The aim of this paper is to understand the meaning of Global Value Chain. What are the basic economic concepts that underlie this Theory? India lost out on the growth process when countries that form the so called ‘East Asian Tigers’, were rapidly moving on the path of development, due to the protectionist stand that the Indian Government had decided to adopt. As the World Economy was entering a different phase of Liberalisation and Globalisation, it is important that India should be a part of it. China since it opened its doors from the 1980’s has successfully used this concept to develop, and today has become a world power to reckon with. The paper researches the options that are available for India, and the way it can use its ‘Demographic Dividend’ effectively in increasing its Gross Domestic Product. The pandemic has brought in its wake new sanctions against China, it is imperative that India steps into the shoes vacated by China and reap benefits in the form of high growth.

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