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Performance of Indian Automobile Industry: An Economic Analysis

Indian Journal of Industrial Relations

Volume 59 Issue 2

Published: 2023
Author(s) Name: Sanjeev Kumar & Dinesh Gehlot | Author(s) Affiliation: Department of Economics, Chaudhary Charan Singh University, Meerut, Uttar Pradesh
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Abstract

Automobile industry is one of the prominent sectors of the Indian economy, providing employment to around 19 million people directly and indirectly and contributing around 7.1 percent to the GDP. The present paper analyzes the performance of the sector based on secondary data during 2000- 01 to 2019-20. The results reveal that the sales of automobile products increased rapidly during the l ast t wo de cades and Indi a achieved fifth position in the global mark et . Sal es (t wo/ fourwheeler), production and exports have al so recorded posi t i v e growth during the period. Multiple regression results show that trade openness, foreign direct investment (FDI) and industrial infrastructure index (III) have positive and significant impacts on the performance of the industry during the study period.

Keywords: N.A.

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