Friday, March 30, 2012

>Indian agriculture and tractors

Highlights of the Indian agricultural sector

  • Has always been a key sector of India’s economy
  • Currently contributes ~18% of Indian GDP
  • Accounts for ~10% of India’s exports
  • Second largest producer of rice and wheat in the world
  • Largest producer of pulses
  • Fourth largest producer of coarse grains
  • Second largest producer of vegetables, groundnuts and fruits
  • Current average growth rate: 2.8%


Highlights of the Indian tractor industry
  • The Indian tractor industry has developed over the years to become the largest tractor market in the world.
  • From just about 50,000 units in the early eighties, the size of the tractor market in the country has grown to over 600,000 units.
  • Increased use of tractors for haulage and non-agricultural applications.
  • The opportunities are still huge considering the low farm mechanisation levels in the country, when compared to other developed economies across the world.
  • After a splendid performance during the last two to three years, the Indian tractor industry is believed to head for a slowdown, which we believe is a myth.
To read full report: AGRICULTURE AND TRACTORS
RISH TRADER

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