THOUGHT FOR THE DAY

Industry

"Genius is the father of a heavenly line, but the mortal mother, that is industry."

- Theodore Parker

TOPIC OF THE DAY

Indian Automobile Industry

The Indian automobile industry has come under global focus, ranking second only to China as the fastest growing market in the world. The spate of new launches by the auto majors and rising sales graphs over the past few months indicate that the fiscal stimulus seems to have worked wonders for this industry.

Demand started growing in September last year when sales by major manufacturers rose to record levels during the festival season. The pace continued to gain momentum, despite rising fuel prices, and the auto industry became a major driver of growth in India.


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