State the features of changing nature of world trade? How far the ‘Make in India’ and ‘Digital India’ programmes are in tune with changing nature of world trade?

The changing nature of world trade in recent years has been characterized by several key features that reflect the evolving dynamics of the global economy. These features have implications for countries, including India, as they seek to position themselves in the international marketplace. The 'Make in India' and 'Digital India' programs, initiated by the Indian government, can be seen as strategic responses to align with the changing nature of world trade.

 Features of Changing Nature of World Trade:

1. Global Value Chains (GVCs):
   - Feature: Production processes are increasingly fragmented across different countries, with each specializing in specific stages of production.
   - Implication: Countries can focus on their strengths and participate in global production networks, fostering specialization and efficiency.

2. Technology and Innovation:
   - Feature: Rapid advancements in technology, especially in areas like artificial intelligence, automation, and digitalization, are transforming ___ ______ _______ _______ _______ _____ _________ ________ ______.
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