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ALLANA MANAGEMENT JOURNAL OF RESEARCH - Volume 7, Issue1, July 2017 - December 2017

Pages: 28-34

FDI in terms of Manufacturing Industry with special reference to Automobile Industry and its development

Author: Asst. Prof. Aqueel Ahmed, Dr. Atik Asgar Shaikh

Category: Management Sciences

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With a development rate of 7.5% GDP, India has rising as the quickest developing economy all around for 2015-16 and 2016-17 too. India is relied upon to be the third biggest car advertise by volume on the planet by 2016. India's auto advertise can possibly develop to six Million or more units every year by 2020. India is seventh biggest maker on the planet with a normal yearly generation of 23.36 Million vehicles, fourth biggest car fabricating center points the nation over with 7.1% of the nation's GDP by volume. Tractor deals in the nation are relied upon to develop at CAGR of 8-9% in the following five years, pushing up India's market potential for global brands..Govt of India is additionally supporting to set up Research and Development center point (NATRip-National car Testing and R& D Infrastructure Project). As there is inflow of Foreign Direct venture (FDI) definitely in Automobile Industry.100% FDI is permitted under the programmed course in the Automobile Industry , subject to all the appropriate controls and laws .NSDC is changing over untalented man drive into talented man constrain, while Govt has marked outside offices, for example, Fraunhofer to present Innovation and Technology in Manufacturing Sector and also making simple technique for FDI welcoming colossal capital in assembling part uniquely Auto Industry. The current circumstance foreseeing India to develop as Global Manufactung Hub for Automobile Industry in not so distant future.

Keywords: GDP, FDI, Innovation, Technology, Automobile Industry