India Automotive Manufacturing Policy Impact Analysis Report 2023-2026
DUBLIN, Aug. 16, 2023 /PRNewswire/ -- The "India's Automotive Manufacturing Policy - Economic Impact and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This research service focuses on the economic impact of India's automotive manufacturing policy, particularly the automobiles and auto components production-linked incentive (PLI) scheme.
Following the outbreak of the COVID-19 pandemic and the subsequent shocks to global supply chains, India launched 14 PLI schemes across various industries as a crucial policy initiative to drive manufacturing sector development and attract new manufacturing investments.
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/q4q14b
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/india-automotive-manufacturing-policy-impact-analysis-report-2023-2026-301902617.html
SOURCE Research and Markets