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White Goods and Agricultural Machinery in India
White Goods and Agricultural Machinery in India
With over 50% of the population dependent on agriculture for their livelihood, India is a massive agrarian economy. As of 2019, the Indian agriculture and allied sector accounted for 16% of the nation’s gross domestic product.
The Indian agricultural machinery market is expected to reach INR 901.41 billion by 2024, expanding at a CAGR of 10.70% during the 2019-2024 period. Also, flexible government policies such as liberalization of license rules and increasing consumer demand have majorly driven the consumer market for white goods in India.
For companies looking to tap into the Indian white goods industry and agricultural machinery industry, isourcing India can help to re-frame your market boundaries and assist you in navigating through the complex Indian market.
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*a division of Triam Systems Private Limited