Major Impact of automotive industry on Iran’s Economic Growth Rate
The automotive industry has played a significant role in the economic growth rate in recent years and due to signing and implementing some automotive contracts, it is expected that this industry will be more effective this year.
Khodrocar – The government has chosen 8 percent of growth rate for this year and due to JCPOA and the formation of the Iranian economy in the eleventh government, this number seems realistic.
Last year, industry and agriculture were able to make a significant impact on economic growth and this year, due to signing of few important automotive contracts, auto industry will play an important role in economic growth rate.
Farbod Zaveh, an automotive industry expert told Khodrocar regarding the issue: The rate of economic growth is measured by the gross national product and it is hard to predict the impact of the automotive industry on economic growth rate but it is obvious that it will have a positive impact.
He added: According to information, it can be argued that the growth of production is not proportional to the growth of people’s purchasing power, and the market needs to cover this gap with new methods. Totally, it seems that the activity of the automotive industry will have a positive impact on the country's economic growth rate.
Zaveh stated that the automotive industry plays an important role in Iran’s industry and mentioned: In order to increase the volume of gross national product and consequently the rate of economic growth, the auto industry should involve a larger part of the Iranian industry, focus on domestic production and reduce import’s share.
He said: Focusing on domestic production and increasing the export volume can also increase the share of automotive industry in the growth rate.
With these explanations, it seems that the automotive industry will have a major impact on Iran’s economic growth rate with a regular planning.
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