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The liberalization policies had a salutary impact on the Indian economy and the automobile industry in particular.
The automobile industry in the country is one of the key sectors of the economy in terms of the employment opportunities that it offers. The industry directly employs close to around 0.2 million people and indirectly employs around 10 million people. The prospects of the industry also has a bearing on the auto-component industry which is also a major sector in the Indian economy directly employing 0.25 million people.
All is not well with the automobile industry the world over currently with the slowdown that has gripped most of the major economies of the world...
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