NITI Ayog

From Factory Floor To Global Fast Lane: India Set To Lead Auto Component Exports, Says NITI Aayog

India is on track to become a major global player in the automotive component industry, driven by its expanding manufacturing base and competitive cost structure. According to the latest report by NITI Aayog, India's current share in the global auto component market is relatively small but steadily growing. The report...

NITI Aayog Projects India’s Rising Export Potential In Power And Hand Tools Sector, Eyes USD 25 Billion By 2035

Niti Ayog: The global trade market for power and hand tools, currently valued at approximately USD 100 billion, will grow significantly to around USD 190 billion by 2035, according to a report by NITI Aayog. The report, titled “Unlocking USD 25+ Billion Export Potential – India’s Hand & Power Tools...

Smart Car Features To Drive Semiconductor Chip Costs To USD 1,200 Per Vehicle By 2030: NITI Aayog Report

The cost of semiconductors chips used in automobiles is set to double by 2030, according to a new report by NITI Aayog. The report states that the average cost per vehicle will rise from the current USD 600 to USD 1,200. This projected increase stems from the expanding use of...