On 11th April 2024, NITI Aayog released a report titled ‘Automotive Industry: Powering India’s Participation in Global Value Chains’, launched by Vice Chairman Shri Suman Bery, senior members, and the CEO of NITI Aayog. The report outlines India’s Global Value Chain (GVC) potential in the automotive sector and highlights strategic pathways for global leadership. India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1% to ... ategic roadmap to elevate its global salience and drive economic prosperity. Historically, the automotive sector has been a cornerstone of indu. trial growth, fostering innovation, employment, and cross-sectoral linkages. In India, the industry has made significant strides, Find the most relevant and recent facts about the global automotive industry. India’s automotive sector, contributing significantly to Gross Domestic Product (GDP), aims to boost its global share from 3% to 8% by 2030 with key reforms and government support.
