HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Govt working to make India's automobile sector number 1 globally in 5 years: Gadkari
Sep-16-2025

Union Minister Nitin Gadkari has said that the government is working to make India's automobile industry number one in the world within five years. Gadkari said the automobile sector pays maximum GST revenue to the government and generates employment opportunities. He pointed out that all big automobile companies are present in the country.

He stated ‘When I took charge as transport minister, the size of the Indian automobile industry was Rs 14 lakh crore. The size of Indian automobile industry now is Rs 22 lakh crore.’ Presently, the size of the US automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore).

Moreover, he said India is the fastest-growing economy in the world and the dream of Prime Minister Narendra Modi is to make India the third-largest economy. He said ‘We need to develop good infrastructure for achieving this target.’ Referring to the quality of highways construction, he said quality of detailed project reports (DPRs) made in India are not good. A DPR, which includes surveys, investigations and designs, is essential to the project implementation process.


  RELATED NEWS >>