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India must integrate with global value chain :ADB
Context
ADB’s country head’s views on manufacturing sector in India
Views
Mr Yokoyama, ADB’s country head for India expressed his views
- The manufacturing sector’s share in India’s GDP has remained stagnant despite the government’s efforts to increase it, adding that India must do more to integrate with the global value chain in which it currently only plays a small part
- He highlighted problems with the inequality between Indian states, the inadequate investment in the infrastructure sector and the poor planning behind urban development
- In the absence of a proactive urbanisation strategy, what is likely is ribbon development along the highways and haphazard development around the industrial areas
What is ribbon development?
The Ribbon development is road centric. This is characterized by peoples’ tendency to build as near to the main road as they can.
