Why Does Bangladesh Export Garments and Germany Cars?

International Trade

This is a series of conversation between two Economists, Akhilesh Verma and myself, Garima Dhir as we try to unravel and simplify various concepts of economics. In today’s blog we discuss ‘Why Does Bangladesh Export Garments and Germany Cars?”. In our last blog, we examined why some countries are poor and others rich. We also discussed how India … Read more

Why is there so much talk about Global Value Chains and where does India stand?

Global Value Chains

What are Global Value Chains (GVCs)? In this interconnected world, trade is now driven by multinationals operating in different countries. This is what forms the basis of Global Value Chains (GVCs). GVCs refer to interlinked production processes wherein stages of production are off-shored to other countries, that are able to undertake that particular task in … Read more

COVID-19 and Opportunities for India in World Trade

World Trade

The COVID-19 pandemic has hit the entire world across all spheres — social and economic. Like other countries, India is also grappling with the repercussions of this pandemic. Currently, India has the 2nd highest number of COVID-19 cases across the world. With unemployment rates at 7.65% in August 2020[1], the Indian economy is expected to … Read more