Profitability and economic value Added analysis of selected Automobile sector in india

Abstract

newlineIndia is one of the fastest growing economies in the world The ever newlineincreasing Gross Domestic Product GDP and strong economic policies have newlineput India on a fast track development India is transforming itself from an newlineagrarian society to an industrial economy The corporate sector is the newlinebackbone of the Indian economy so far as it provides a vital effective and newlineorganized system for the growth of the industrial as well as non industrial newlinesectors of the economy newlineIn India the automobile industry is one of the largest industry and newlinekey sector of the economy The industry has shown greater advances since delicensing newlineand opening up of the sector to Foreign Direct Investment FDI in newline1991 92 The automobile industry including manufacture of components is newlineestimated to provide an employment directly to some 5 lakhs of people and newlineindirectly to around 50 million people This results in the automobile industry newlinebeing the drainer of economic growth and India is keen to use it as a level of newlineaccelerated growth in the country Therefore the present study is undertaken newlineto make the financial and operating performance of the selected sectors of the newlineIndian automobile industry newline newline