India is becoming self-sufficient in
agriculture, services and manufacturing products. According to its requirements
since decades but all these sections of development are interdependent on
transportation and automobile industries. Make in India strategy that is being
followed by the government made the achievement more progressive.
The
turnover of Indian auto mobile component industry is expected to account for up
to 115 billion US DOLLARS by the financial year 2021. In 2016, India overtook
Japan for the second place in steel production and low manufacturing cost.
Indian auto component manufacturing industry accounts up to 7 percent of the
national GDP and employs over 19 million people. The domestic market is
expected to reach the growth level of 71 percent by 2021 by the competitive and
qualitative efforts of auto component manufacturers in India.
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