1. – Department Of Economics, Chaudhary Charan Singh University, Meerut, Uttar Pradesh
| Received
09-Nov-2023 |
Accepted
- |
Published
09-Nov-2023 |
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.
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