News Karnataka

News Karnataka

Auto sector likely to contribute 12% to GDP over next decade: Anant Geete

Auto sector likely to contribute 12% to GDP over next decade: Anant Geete

IANS   ¦    May 19, 2017 12:00:28 PM (IST)

Chennai: The central government on Thursday said the Indian automobile sector is likely to contribute 12 per cent to the country's GDP (gross domestic product) over the next decade.Auto sector likely to contribute 12% to GDP over next decade: Anant Geete-1This was stated by Union Heavy Industries and Public Enterprises Minister Anant G. Geete, who inaugurated the test track facility develop by global automotive research centre (GARC) at Oragadam, Chennai.

According to Ministry of Heavy Industries and Public Enterprises, at present, the Indian auto industry is contributing 7.1 percent (approximately) to the country's total GDP.

GARC, Chennai, is a body working under the NATRiP (National Automotive Testing and R&D Infra Project).