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The Economic Times
The Economic Times

Auto industry remains a key driver of growth for India's economy: SIAM president

SIAM Shailesh Chandra India Economy

New Delhi, The automotive industry remains a key driver of India's economic growth and has made significant strides in aligning with global and national priorities regarding sustainability, decarbonisation, and safety, the automobile manufacturers' body SIAM said on Thursday.

The sector's overall contribution to the Indian economy exceeded Rs 22.75 lakh crore, contributing to about 15 per cent of the country's GST collections, Society of Indian Automobile Manufacturers President Shailesh Chandra said at the annual convention of the industry body.

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