This book analyses India-s trade policy evolution in the last two decades in the broad context of trends and patterns in global trade and in particular, with reference to the emergence of global value chains (GVCs).
Through an in-depth analysis of its trade policy evolution in the 2000s, the author explains India-s limited share of global merchandise trade, especially manufacturing trade and relatively low GVC integration. The book discusses India-s trade policy, pattern and global trade participation not just in the comparative context of China as is true of most analyses relating to the Indian economy, economic reforms and trade liberalization in India but also in the context of regional economies like Vietnam, Thailand, Malaysia, Bangladesh and other emerging market economies (EMEs) that have successfully integrated with GVCs/ RVCs in the period under reference. Progress and nature of India-s value chain participation relative to other economies has been evaluated in this c
