happen in the absence of protection. Indias protectionist history is indicative of this challenging balancing effort. While the Indian government has set out programs to increase exports, trade policy is more inwardly oriented. The Make in India campaign overlooks the decades-long geographical dispersion of the global manufacturing process, a factor that increases the import dependency of exports. The connection between Indian imports and exports in the post-reform era reaches as high as 0.75. Export development necessitates better integration of India into global value chains, a feat accomplished by China and Vietnam, where garment exports have 40% foreign value added.
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