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Essay

The economic system of India

Essay specific features

 

Issue:

Business

 

Written by:

Mavis C

 

Date added:

May 2, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 522

 

Was viewed:

9774 times

 

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Essay content:

The industry is providing direct and indirect employment to 1.31 crore people. It is also making a contribution of 17% to the kitty of indirect taxes. The export in automotive sector has grown on an average CAGR of 30% per year for the last five years. The export earnings from this sector are 4.08 billion USD out of which the share of auto component sector 1...
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Even with this rapid growth, the Indian Automotive Industry's contribution in global terms is very low. This is evident from the fact that even though passenger and commercial vehicles have crossed the production figure of 1.5 million in the year 2005- 06, yet India's share is about 2.37 percent of world production as the total number of passenger and commercial vehicles being manufactured in the world is 66...
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