FULL CHANGE
AHEAD
FUELLED BY STRONG ECONOMIC GROWTH, INDIA’S TRAILER MANUFACTURING INDUSTRY IS CURRENTLY UNDERGOING THE MOST FUNDAMENTAL STRUCTURAL SHIFT SINCE THE ADVENT OF THE DIESEL ENGINE. BUT WITH PROGRESS COMES A NEW SET OF CHALLENGES. [ Story by Sebastian Grote ]
H
ome to one of the fastest growing economies of the past decade, navigating change has become a defining trait of India’s socioeconomic identity. Ranked as the world’s 12th largest economy in 2007, it is now considered the seventh largest overall and third if adjusted for purchasing power parity. It is also the world’s third largest market for smart phones and the sixth largest for cars, and has recently announced a manned mission to the moon – a feat unthinkable even a few short years ago. Responding to the nation’s inexorable rise – in 2018, the International Monetary Fund (IMF) likened it to an elephant falling into stride – India’s commercial road transport community is required to fast-track organisational development and brave decades worth of growing pains in record time. “From a trailer manufacturing perspective, India is going through an
It is an established fact, beyond any doubt, that trucking operations and the efficiency of the same is of primary importance in the growth and development of any economy and society, according to Rajesh Neelakanta of BVC Logistics.
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