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Discuss the contributions of Auto Industry in India’s economic growth.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Infrastructure: Energy, Ports, Roads, Airports, Railways etc

4. Discuss the contributions of Auto Industry in India’s economic growth. (250 words)

Reference:  Indian Express  

Why the question:

The article brings to us the importance of Auto industry to the economic growth of the country.

Key Demand of the question:

Discuss the contributions of Auto Industry in India’s economic growth.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction:

The Auto industry has the potential to compete with global leaders. It must work with the government to grow by 10-12 per cent per year for the next 10 years, and more importantly, grow responsibly.

Body:

The answer body must have the following aspects covered:

  • Explain how the automobile industry contributed to the Indian economy? – The automobile sector is a key player in the global and Indian economy. The global motor vehicle industry (four-wheelers) contributes 5 per cent directly to the total manufacturing employment,12.9 per cent to the total manufacturing production value and 8.3 per cent to the total industrial investment.
  • What is the present position of automobile industry in India?
  • Why is the automobile industry important?

Conclusion:

Conclude with efforts of the government in this direction.