Automobile Industry – A driver for Employment and Growth

Prof. Uday Lawate

doi:https://doi.org/v4i1.04

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Automobile Industry – A driver for Employment and Growth

Uday Lawate

Vol 4 , Issue 1 , January - June 2018 | Pages: 10-11

https://doi.org/v4i1.04

Published Online: July 19, 2018

Author Details ( * ) denotes Corresponding author

1. * Uday Lawate , Director, MBA, BETs Global Business School, Belgaum, Karnataka, India (lawateuday@gmail.com )

Make in India (MII) promises to have the potential to give a new thrust to manufacturing in India. A key sector is automobiles and going by the objectives mentioned in the Automotive Mission Plan (AMP) 2016-26, India aims to be a big player on the global scenario. Currently being the second largest two wheeler manufacturer in the world, India could stand first in production/sale of small cars, two wheelers, three wheelers, tractors and buses and third in passenger vehicles and heavy trucks. This will take the contribution from the present 7.1% to the level of 12% of National GDP.2 The amount of FDI inflows in the Automobile Industry during January, 2000 to December, 2015 was Rs. 77,036.56 crore (US$ 14.48 billion) which is 5.20% of the total FDI equity inflows3. India has a great advantage with a young population, which if skilled, can produce a workforce which can be deployed to productive purposes. This will give a greater spinoff to other services and ensure a healthy growth. Development of infrastructure, ensuring ease of doing business and rationalization of tax structure and consistency in policy are some of the areas which the government has to focus on to give automobile industry and Mil the thrust it requires..

Keywords

Make in India; Automobile Sector; Automobile Exports; Training Opportunities

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