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Make in India initiative aimed at raising demand through development

Indian Prime Minister Modi has launched the 'Make in India' initiative, aimed at raising demand by increasing purchasing power in the country

The Indian automotive industry has been through a particularly difficult period over the past two financial years. The country's passenger car market is only just returning to a growth patch, while the commercial vehicle segment continues to decline. The state of the country's automotive industry is largely blamed on the governance of the previous government and its indecisiveness with regard to policy decisions.

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