The National Council of Applied Economic Research’s (NCAER) report on “Making India a Global Power House on Farm Machinery Industry” was released.
It was released by the Union MoS for Agriculture and Farmer’s Welfare, Shobha Karandlaje. This study was sponsored by Mahendra & Mahendra.
Purpose: To analyze the non-tractor farm machinery industry from both demand and supply side perspectives.
India’s farm power availability is at 2.49 Kw/ha in 2018-19.