DETERMINANTS, CHALLENGES, AND POLICY RECOMMENDATIONS FOR IMPROVING SME PARTICIPATION IN GLOBAL VALUE CHAINS

Abstract

The main aim of this research article is to examine the way of improving SMEs in the global value chain by highlighting their challenges, policy recommendations, and determinants. The GVC participation for SMEs has been reshaped after the covid-19 outbreak. While multinational corporations are trying to improve alternative supply chains, Indian SMEs are engaged to appeal to modern ways to participate in GVCs. The Indian Government has reformed its structures in sectoral incentive schemes and the process of industrialization.