ISSN No: 2231-5063
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Article Name :
Capital Structure of Indian Automotive Industry – An Empirical Study
Author Name :
K. Brindha
Publisher :
Ashok Yakkaldevi
Article Series No. :
Article URL :
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Abstract :
The automotive industry comprising of automobiles and auto component sectors is an important driver for any economy. It is called as the ‘industry of industries’. India has already become one of the fastest growing automobile markets in the world and infact the automobile industry has scripted a new, inspirational story to learn from and build on. The automobile industry is one of the largest and most important industries in the world both in terms of its contribution to national income and the number of jobs it provides. It is moreover, a major employment generator in the country. The automobile industry, along with the auto components industry, occupies a prominent place in the fabric of the Indian economy. This is primarily due to the fact that this industry has strong forward and backward linkages with several key segments of the economy. Thus the automotive industry has a strong multiplier effect and is capable of being the driver of economic growth.
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