Rising costs threaten India's auto growth

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New Delhi, 8 Jan, 2008 : According to the findings of a survey released on January 8th, by a consultancy firm, KMPG, rising production costs and dilapidated infrastructure is threatening the fast growth of Indian auto industry.

Rising labour costs seem to be a cause of worry among the firms as a talent shortage drives up pay and staff turnover in an economy. India's automotive industry, which produces 1.5 million vehicles annually, is worth 34 billion dollars a year and contributes five percent of India's gross domestic product.

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