Global Journal of Commerce & Management Perspective
Open Access

Abstract

Compound Annual Growth Rate of Select Financial Variables in Indian Automobile Industry

Dr.A.Dharmaraj

In India, the Automobile Industry is one of the largest industries. It is one of the key sectors of the economy. The industry has shown great progress since de-licensing and opening up of the sector to Foreign Direct Investment (FDI) in 1991-92. It has both forward and backward linkages with the rest of the economy, and hence has a strong multiplier effect. The Automobile Industry including manufacturing of component is estimated to provide employment directly to approximately five lakhs of people and indirectly to around 50 million people. This paper deals with analysis of select financial variable using Compound Annual Growth Rate.