India's automobile market will become world's No.1 in the next five years, leaving behind America and China
Union Minister Nitin Gadkari said that America is in first place with a cost of 78 lakh crores and China's automobile market is at number two with 47 lakh crores. Logistics cost in India is 16 percent and in China, it is eight percent, in America and European countries it is 12 percent. The government has decided to reduce logistics costs.
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