Category Archives: Industry
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Agricultural Equipment Market in IndiaThe contribution of agriculture and allied sectors to India’s GDP stood at around 13.7% in 2012-13 (at 2004-05 prices) and the sector provides employment to around 58% of the country’s population. Agricultural production was estimated at 264.38 million tonnes in 2013-14 (includes kharif 2013 and rabi 2013-14 crops) and is expected increase further. Albeit still in an early stage, farm mechanization has played a notable role in the increase in agricultural production in the […] |
Earthmoving & construction equipment (ECE) industry is a direct beneficiary of the accelerated pace of infrastructure development in India. With urbanization, the city skylines are changing to accommodate vertical growth including high rise residential complexes, commercial spaces and multiplexes. Apart from infrastructure and building construction, India is witnessing rapid expansion of the mining sector backed by sizeable reserves of coal, iron ore and other minerals. Going forward, mineral exploration is expected to be a […]