Increasing Real Incomes

New opportunities will help increasing real incomes which will in turn increase aspirations for cars. The vicious cycle created by this belt will help in selling its own produce to its own dependents – a classic example of self contained economic sustainability. Says Baig, “employment in an industrial belt leads to development of secondary infrastructure such as housing and shelter, thereby, improving standards.” This is similar to the economic sufficiency of the Tarai region, also standing as a testament of the changing nature of India’s economic achievements. India’s auto belt is surely doing it’s bit in helping the nation break the shackles of an agrarian economy and replace it with a modern hub that this region is becoming.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative