The Indian Automobile industry adds the highest amount of Goods & Services Tax (GST) to central & state governments.

Union Minister Nitin Gadkari said that by 2028, India will become the world’s biggest automobile market.

By 2028, the market is expected to be worth Rs 15 crore according to Nitin.

Nitin added to the statement that with this rising industry growth, Indian economy could be number worldwide in future.

Indian Automobile market size is currently roughly Rs 7.5 crores & has created over 4.5 crore jobs.

India currently imports fuel worth Rs 16 crore each year, making it vital for making green hydrogen & ammonia the fuels of the future.

Only recently, India surpassed Japan, positing itself on the 3rd spot after China & the US.

Gadkari also told the press the government’s plan to make India an energy-exporting country.

Nitin Gadkari- “India Will Become World’s Largest Automobile Market In The Coming 5 Years”