Rising Governmental Support In Agricultural Equipment Market Outlook
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| Agricultural Equipment Market Analysis |
Agricultural Equipment Market Analysis- Agriculture plays a dominant role in the
economy. The rising demand of the agricultural production the current scenario
signifies the extensive growth in the coming years. In India, agriculture is still
being the major source of income for majority of the people. It is observed
that India ranked at top worldwide in agriculture and accounted for the GDP.
Therefore, Indian agricultural is exported to more than 120 countries primarily
in the EU and the United States, Southeast Asia, Middle East and others. Agriculture
is majorly exported in the developing countries and least developed nations
whereas in developed countries agriculture is largely imported. However, the
agricultural equipment is majorly exported through developed countries.
According to the report analysis, Agricultural
Equipment Market Analysis suggests that agriculture is contributing
more in the development of economy and it increases the GDP of country in a
significant manner.
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| Agricultural Equipment Market Overview |
In the past years the growth in the
export of agricultural sector was declined but in the recent trend the share of
agricultural export has grown significantly. However, technological development
and the policies of government in India showcased higher growth in the market
and it also leads to increase in the income of the farmers. Agriculture’s
contribution to India’s economy enlarge beyond the rural economy and
circumscribe many activities in manufacturing and service sectors. Moreover,
the Ministry of Commerce & Industry is going to introduce an “Agriculture
Export Policy” which mainly aim at doubling the agricultural exports from the
country and integrating Indian Farmers and Agricultural Products to the global
value chain. The (APEDA) Agricultural and Processed Food Products Export
Development Authority frolic a significant role in expanding the export
potential of Indian agricultural and food products and tapping India’s
agricultural strengths efficiently. In addition, around 50% of total exports
are contributed by agriculture sector.
In research, it is observed that the
government of India is aiming to achieve USD 60 billion in agricultural exports
by 2022. India is among the 15 leading exporters of agricultural products in
the world. The government of India is working rigorously and they have launched
several projects which lead the agricultural exports and can assist the
agriculture sector more significantly. Around 285 new irrigation projects will
be undertaken in 2018 to provide irrigation for millions of hectare of land.
Moreover, according to the report analysis, agricultural equipment market Analysis suggests that with the
development in the policies of the market and upgradation in the technology
results the efficient growth in the market with the coming more schemes of
improving water use efficiency. The significant role of agricultural exports is
expanding the activities of agricultural sector along with opportunities of
increasing number of employment and also diversifying agricultural operations.
India has the capacity to export million tons of rice annually. In order to tap
future potential, Indian exporters are involve to improve their processing and
packaging facilities to meet international quality standard.
Rising competition in this market and
new entrants are providing financial support to the agricultural market. Indian
agriculture is set for a big leap forward in the forecasted period, with an
infusion of capital and high quality entrepreneurial talent focused on scaling
up innovations.
Corporate sector is also emerging in agriculture
by accessing new market by infusing new technology. Therefore, this market is
growing significantly with the more development and new entrants of investors
also play significant role in this sector which further leads to acquire major
share in the market.
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Contact us:
Ken
research
Ankur gupta,
head marketing & communications
+91-9015378249
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