Summary
Over the next decade, India's growing economy and burgeoning automotive sector will present perhaps more of a threat to the US than China. With over $11-billion investment in foreign automotive business, India has already become a very competitive market with low-cost sourcing, and its automotive industry will oversee 60 new launches in 2008 alone. By 2016, the automotive industry will possibly create employment for 25 million people in India, and India will be the destination of choice for both vehicle and component manufacturing. India's GDP ratio has doubled over the past 20 years and India will quadruple its GDP by 2020.
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Extract
India Rising
It doesn't take much examination of the global competitive landscape to see that India is emerging as a formidable competitor to the United States. Over the next decade, India's growing economy and burgeoning automotive sector will present perhaps more of a threat to the U.S. than China. With over $11-billion investment in foreign automotive business, India has already become a ...
See the full content of this document
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