Dublin, Aug. 18, 2023 (GLOBE NEWSWIRE) -- The "India's Automotive Manufacturing Policy - Economic Impact and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This research service delves into the profound economic implications of India's automotive manufacturing policy, with a specific focus on the automobiles and auto components PLI scheme.
Amidst the challenges posed by the COVID-19 pandemic and its disruptive effects on global supply chains, India has responded with strategic vigor by introducing a series of production-linked incentive (PLI) schemes.
As a pivotal policy initiative, these PLI schemes, totaling 14 across various industries, have been enacted to bolster the growth of the manufacturing sector and entice fresh investments into the country's industrial landscape.
The automobile PLI scheme extends sales value-linked financial incentives to battery electric vehicles, hydrogen fuel cell automobiles, and auto components. This study undertakes an economic impact assessment to examine the effect of the automotive PLI scheme on the Indian market in terms of output, employment, wages, and spending. The framework of this economic impact relies on the Leontief input/output (I/O) model.
The automotive PLI scheme will generate output and jobs in the automotive industry with a multiplier effect across the Indian economy. For example, increased car production will drive higher demand for metals, batteries, and other raw materials and components, creating additional output and employment in allied industries.
Hence, the final economic result considers direct, indirect, and induced impacts. This study also highlights the growth opportunities in India's manufacturing and automotive industry arising from a combination of supportive government policies, supply chain diversification trends, and the sustainability push.
Key Issues Addressed
- What is the strategic imperative behind the fortification of India's manufacturing sector?
- What ripple effects will the automotive PLI scheme generate across allied industries and the larger economy?
- What will be the 2026 direct output, gross value-add, and employment impact of the PLI scheme?
- How do the indirect and induced impacts of the automotive PLI scheme compare to the direct impact?
- What is the per second and year output of the automotive PLI scheme?
- What growth opportunities does India present as it seeks to build local automotive and supply chain manufacturing capabilities and drive sustainability?
Growth Opportunities
- Manufacturing and Infrastructure Boost from PLI and Global Supply Chain Reorientation
- Battery Electric and Hydrogen Fuel Cell Vehicles Supply Chain
- Lithium-ion Battery and Supply Chain Growth
Key Topics Covered:
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top 3 Strategic Imperatives on the Indian Economy
- Growth Opportunities Fuel the Growth Pipeline Engine
2. India's Manufacturing and Automotive Industry
- India's Manufacturing and Automotive Industry - Overview
- I/O Table and Leontief Multiplier - Introduction
- Economic Impact Assessment - Overview of Impact Forms
- Economic Impact Assessment - Types of Impact Analysis
- Key Findings on the Impact of the Automotive PLI Scheme
- Manufacturing Growth Drivers
- Manufacturing Growth Restraints
3. Policy Thrust in India's Manufacturing and Automotive Industry
- Vision and Policy Support for Manufacturing
- PLI Schemes - Deep Dive of Automotive PLI Scheme
4. Methodology and Framework for Economic Impact Assessment
- Direct Impact Analysis
- Indirect Output and GVA Impact Analysis
- Indirect Employment Impact Analysis
- Induced Impact Analysis
5. Results of Economic Impact Assessment
- B&MV's Contribution to the Indian Economy
- Impact Findings of the PLI Scheme on Batteries and Vehicles
- Total Economic Output Impact
- Sectoral Share in Output and GVA
- Total Employment Impact
- Impact on Labor Compensation
For more information about this report visit https://www.researchandmarkets.com/r/9647kn
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