Abstract
In 1980’s Indian Government had started promoting Automobile industry allowing foreign direct investment and other such liberalized norms for its growth and prosperity. Suzuki and Toyota of Japan and Hyundai of South Korea were allowed to invest in Indian Automobile market leading to its development. By the end of 20th century, there were 12 large automobile companies set up in India which were the result global companies’ investment. This sector has gradually evolved as a significant contributor in economic development of the nation.
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Schedule a callMore From: Asian Journal of Research in Business Economics and Management
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