NCAER Report on Farm Machinery Industry in India

On 7th February, 2023, National Council of Applied Economic Research (NCAER) released a Report on “Making India a Global Power House on Farm Machinery Industry”.

Major Highlights

Farm Machinery Industry

  • The Farm Machinery Industry is an industry sector which produces and supplies several varieties of machinery, equipment, and tools used in agriculture and farming activities including ploughing, planting, harvesting, and more.
  • These farm machines are designed to ameliorate productivity and efficiency in farming activities, and the industry encompasses both small-scale as well as large-scale farming equipment.

Challenges Faced by Farm Machinery Industry

Restricted Domestic Demand

  • The Indian farm machinery ....
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