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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
“There is momentum in the market, as was reflected in the third quarter GDP numbers, We have to wait and see if there are any inflationary trends going ahead. That aside, there are a lot of positive indicators — the proposed spend on infrastructure development, the favourable monsoons have increased marketability of products in rural markets. A number of vehicles showcased at the Auto Expo will be launched commercially over the next few months — this would further excite the market."
Partner, Grant Thornton India LLP
This article appeared in Economictimes on 13th February, 2018.
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