NEW DELHI: India must pivot toward high-value, technology-intensive manufacturing to sustain export growth and shield its economy from global demand shocks, according to a report by consulting firm Forvis Mazars India.

The report added that weakening demand in advanced economies, coupled with rising protectionism and fragmentation of global supply chains, poses formidable risks to India’s trade environment.

Commenting on the report, Rohit Chaturvedi, Partner, Transport and Logistics, Forvis Mazars in India, said, “The findings underscore that export growth cannot rely on GDP expansion . . .