Driving India's Prosperity

Analyzing the Auto Sector

Cecilia Lolicia

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English

Cecilia Lolicia
01 November 2023

Transport industries; Antiques & collectables; Transport: general interest

Summary
Details

In the modern competitive world, finance serves as the cornerstone for all operational activities within a business. The success of a country's economic development largely hinges on the corporate sector's performance. Financial analysis involves the identification of a firm's financial strengths and weaknesses, with its nature varying according to its intended purpose. Trade creditors seek to assess the firm's ability to meet short-term obligations, whereas loan creditors are concerned with the firm's long-term solvency and survival. Management stakeholders, on the other hand, focus on the firm's profitability, which depends on its capacity to generate cash for interest payments, principal repayment, and the interplay between debt and equity in its capital structure.

The Indian Automobile sector holds a formidable position in the global market. India, a renowned outsourcing hub for the automobile and auto component industry, previously received limited attention before liberalization. In 1991, a new era began with the de-licensing of the industrial sector and the subsequent opening up to 100 percent foreign direct investment (FDI) in the sector. The Indian Government's priorities underwent a significant transformation after liberalizing the country's economy, as it introduced various incentives and tax exemptions, resulting in substantial job creation. The industry seamlessly transitioned, gaining recognition from the World Trade Organization due to its extensive forward and backward linkages with the broader economy.

Today, India's automobile industry offers a diverse range of products, including commercial vehicles, motorcycles, passenger cars, scooters, three-wheelers, and tractors. The increased purchasing power of the middle class, coupled with the robust economic growth of the past decade, has attracted leading foreign automobile manufacturers to our market. This has not only elevated per capita income but has also given rise to income inequality.

By: Cecilia Lolicia
Imprint: Cecilia Lolicia
Dimensions: Height: 229mm, Width: 152mm, Spine: 11mm
Weight: 290g
ISBN: 9785307903148
ISBN 10: 5307903146
Pages: 212
Publication Date: 01 November 2023
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active