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Auto sector to contribute 12% to GDP over next decade: Heavy industries minister Anant Geete

At present, the Indian auto industry contributes approximately 7.1% to the country’s total GDP.

autos Updated: May 22, 2017 09:33 IST
Indo Asian News Service
Indo Asian News Service
Indo Asian News Service
Auto,Indian auto industry,GDP
At present, the Indian auto industry contributes approximately 7.1% to the country’s total GDP.(Mint file photo)

Indian automobile sector is likely to contribute 12% to the country’s GDP (gross domestic product) over the next decade, Union heavy industries and public enterprises minister Anant Geete said on Thursday.

At present, the Indian auto industry contributes approximately 7.1% to the country’s total GDP, the minister said as he inaugurated a test track facility developed by Global Automotive Research Centre (GARC) in Oragadam near Chennai.

GARC, Chennai, is a body working under the NATRiP (National Automotive Testing and Research and development Infra Project).

First Published: May 22, 2017 09:32 IST