IMPACT OF GST IN THE INDIAN AUTOMOBILESECTOR - A SPECIAL ARTICULATION OF BUDGET 2023
Journal: International Journal of Advanced Research (Vol.11, No. 03)Publication Date: 2023-03-16
Authors : Sunitha N.; Sandhya R.;
Page : 397-402
Keywords : GST Indian Economy Auto industry Budget 2023;
Abstract
India is currently reviewing its economic and fiscal policies. India is experiencing very strong growth and is expected to become the world's third largest economy by 2030. The public sector is taking significant steps to support the country's economic growth, and the automobile industry in India is one of the fastest emerging manufacturing industries. The industry is expected to grow in the coming years, creating many jobs and contributing to economic development. The Indian government recognizes the importance of the automobile sector to the Indian economy. It is currently working on a Automotive Mission Plan 2026 to bring it closer to the global market. In this article, the researchers focus on the impact of GST on the automotive sector as well as the Automotive Mission Plan 2026 that has been implemented in conjunction with the rapid growth of GDP in the Indian economy. And also keep an eye out for concerns of GST policy in the Automobile Sector in the budget 2023. The research is descriptive and based on auxiliary knowledge. Keywords: GST, Indian Economy, Auto industry, Budget 2023
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