“…However, increased participation of firms in GVC is a possible channel for stimulating productivity growth of the stagnant Indian manufacturing sector. Since the 1980s, the contribution of the manufacturing sector has hovered around 15% of India’s gross domestic product (GDP) (Bhattacharjee & Chakrabarti, 2013 ), much lower than the newly industrialised Asian economies (Mohanty & Saha, 2019 ). Indeed, in 2010–11, India’s manufacturing contribution to GDP was 15.8%, compared to 30.0% in China, 36.0% in Thailand, 26.0% in Malaysia, and 22.0% in Singapore (PwC, 2012 ).…”