This brief note highlights the importance of micro, small, and medium enterprises in India and the gains associated with the global value chain (GVC) participation for small and medium firms. The note also sheds light upon financial constraints as a major obstacle faced by these firms in their decision to participate in GVCs. The stagnancy in Indian manufacturing and the potential that GVC holds for the country, especially in line with the policy initiatives of Make in India, makes this a very pivotal area of research, and this research note aims to promote more research related to GVCs in India.
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