Question

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?

07 Mar 2024
Answer :
Word Count : 585

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):
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