A study of automobile industry Its problems and prospects

1 INTRODUCTION :India, the world's largest democracy, having a very large pool ofscientific and engineering talent in the world has marched forwardin critical areas of development - be it space or electronics. Thispool of knowledge has enabled India to attain high levels ofachievement in diverse high-tech areas. The country has an openthe economy in the process of integrating with the world economy. Far-reaching economic reforms aimed at deregulation and attractingforeign investment have moved India firmly into the front ranks ofthe rapidly growing Asia-Pacific Region. In the automobile industry,the developing regions are the growth areas of tomorrow.