Description

The significant policy shift which the economy of India had undergone during the 1990s commonly known as LPG or Liberalization, Privatization and Globalization had influenced the overall economic growth of the country. The primary objective of this model was to make the economy of India the fastest developing economy in the global market with capabilities that help it match with the biggest economies of the world. The chain of reforms and changes that took place with regards to business, manufacturing and financial services industry resulted in lifting the economy of the country to a more proficient level. One of the major contributors to this growth was the automobile manufacturing sector.