Wednesday 11 March 2020

THE AGRICULTURE MACHINERY MARKET IN INDIA

The growing incomes of Indian farmers have helped to boost the demand for farm implements. With this, the unavailability of skilful labours for farming activities has also added to the growing demand for agricultural equipment. Moreover, various attractive funding plans offered by the governments have also encouraged Indian farmers to buy the latest farm machinery.


A Substitute For Human Labour – One of the major benefits for farmers having agriculture implements is that they help farmers saving manual labour cost. Though India is the second-largest countries using manpower, all sectors of our economy are affected by the shortage of labour. This influence is presently being more felt in the agricultural industry when comparing to other sectors.
Labour contributes a significant part in agricultural production; though, with increasing urbanization and improving opportunities, many people from rural areas are migrating to urban areas of the country, creating a major labour demand and supply imbalance. This migration is helping a lot of other proxy farmers to take care of multiple lands. As an outcome, implements are estimated to play a significant role in agriculture efficiency in the upcoming years.



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