Automotive Industry: Powering India’s participation in Global Value Chains

Summary

India, despite being the world's fourth-largest automobile producer, holds only a 3% share in the global traded auto component market and faces challenges like cost disadvantages and limited penetration in high-precision segments. This report from NITI Aayog proposes a strategic roadmap with comprehensive fiscal and non-fiscal interventions to boost India's participation in global value chains, aiming for $145 billion in auto component production and $60 billion in exports by 2030. The initiative is currently in the planning stage, outlining policy recommendations to achieve significant economic growth and job creation.

Key Facts

Source Document

https://example-government.gov/policy-document-link