Introduction -- Section 1: India's Industrial Growth: Opportunities and Challenges -- India’s industrial development including manufacturing, construction, and mining -- Manufacturing vs. Services -- Global value chains -- Industrial development and climate change -- Section 2: Role of Trade...

Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth through the creation and import of new varieties. In this framework, international trade increases economic output through two channels. First, trade raises productivity levels...