Tractors Tractor Price amp features in India 2024 TractorGyan
01/02/2024 Others
Price: Check with seller
Description
Tractors in India are an integral part of the nation’s agrarian economy. Tractors are used for ploughing, planting, harvesting, and other agricultural activities. India is the world’s largest tractor manufacturer, with over 5.5 million tractors sold in 2019. India has the highest number of tractors in the world, with over 8 million in operation.
The Indian tractor industry has seen rapid growth in recent years. This growth is attributed to increased mechanization of Indian agriculture and increased demand for tractors from emerging markets. The Indian tractor market is expected to grow at a compound annual growth rate of 8-10% in the next five years. This growth is driven by increased mechanization of the agriculture sector, increased demand from emerging markets, and government initiatives to promote mechanization.
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