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  Published Paper Details:

  Paper Title

THE AUTOMOBILE INDUSTRY: A GROWTH ENGINE FOR UTTAR PRADESH ECONOMY

  Authors

  Aditya Pratap Singh,  Dr. Raj Bihari Lal Srivastava

  Keywords

Uttar Pradesh Economy , Automotive Industry , Gross state domestic product, Per capita income, Sectoral growth, Economic infrastructure , Electric mobility , Uttar Pradesh Electric vehicle policy 2019 , Uttar Pradesh Electric Vehicle policy 2022

  Abstract


Uttar Pradesh or better we call it " Uttam " Pradesh because the economy of Uttar Pradesh is increasing by leaps and bounds . The economy of Uttar Pradesh is the third largest state in India with Nominal GDP of Rs 21.74 trillion for the year 2022 - 2023 . GDP growth rate is expected to be 17.1% in 2022 - 23 as compared to 2021 - 22 and this is mainly due to the Automobile sector. Automobile industry is the key driver of any economy. That's why once Peter Drucker has called the automobile industry " The Industry of Industries " . The economy of any region , country or state is directly related to the automobile sector . The growth of the economy without automobiles is like " Life without oxygen " which is not possible . The contribution of the automobile industry in India is 12.1% in Gross Value Added (GVA ) in the manufacturing sector . It is recognized as a core sector . As per Economic Times , The auto Industry is contributing to 49% in India manufacturing GDP and this sector is responsible for 32 million jobs . In this Research paper you will come to know Automobile roles , benefits , Contribution of Automobile industry in Uttar Pradesh economy. Uttar Pradesh economy aims to reach 1 trillion-dollar economy , In this research paper you will come to know how it is possible through Electric Vehicle policy 2022 .According to the mercomindia.com , Uttar Pradesh economy aims to invest Rs. 400 Billion till 2024 in the Electric Vehicles automobiles sector . Uttar Pradesh registered more than 139000 electric vehicles ( EVs ) which is highest in India and the third largest of Faster Adaptations and manufacturing of Hybrid and Electric Vehicles ( FAME ) . In this research paper you will have a look at this too.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2212290

  Paper ID - 228855

  Page Number(s) - c709-c719

  Pubished in - Volume 10 | Issue 12 | December 2022

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Aditya Pratap Singh,  Dr. Raj Bihari Lal Srivastava,   "THE AUTOMOBILE INDUSTRY: A GROWTH ENGINE FOR UTTAR PRADESH ECONOMY", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.10, Issue 12, pp.c709-c719, December 2022, Available at :http://www.ijcrt.org/papers/IJCRT2212290.pdf

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ISSN: 2320-2882
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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
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