💨 Abstract

The NITI Aayog report indicates that India's growth in the global automobile sector is hampered by insufficient innovation, mainly due to inadequate Research & Development (R&D) infrastructure. India's R&D spending is low compared to leading nations like Germany, Japan, and the US. The report highlights that India's lack of innovation in emerging technologies such as EVs, autonomous driving, and smart mobility solutions is a significant barrier.

Courtesy: theprint.in

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