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| The Institute organised a webinar on “Regional Value Chains, ASEAN, and India” on August 30, 2024. Prof Saon Ray, Visiting Professor at ICRIER, New Delhi made the presentation which highlighted the critical role of imports in global value chains (GVCs) and their contribution to enhancing exports, emphasising the need for further exploration of the import-export link to strengthen regional economic ties between India and ASEAN. The presentation was followed by a panel discussion that included Prof C Veeramani, Director at Centre for Development Studies (CDS), Trivandrum; Prof Bishwanath Goldar, from Institute of Economic Growth (IEG), New Delhi; and Dr Isha Chawla, Consultant at ISID. Dr Satyaki Roy, Associate Professor at ISID, moderated the webinar. The YouTube link to the session is available here. |
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Meeting ID: 822 1343 0695 | Passcode: 20240830 |
| Abstract: The literature on backward and forward linkages in global value chains (GVCs) explores the interconnectedness of production processes across different stages and locations within the global economy. The significance of imports in value chains, however, is relatively unexplored. Recognizing imports’ role in bolstering exports can rejuvenate external demand and spur growth. To examine Indian imports from ASEAN, we utilize the ARDL bounds test for 2011-12 Q1 to 2020-21 Q2. The results reject the null hypothesis of no level relationship between ASEAN imports and other variables. Notably, the positive long-run coefficient of export logs suggests a favourable impact on Indian imports from ASEAN, while the negative COVID-19 dummy coefficient indicates pandemic-induced import setbacks. |