Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Are rising tractor sales a sign of reviving demand in rural India? -Sayantan Bera

Are rising tractor sales a sign of reviving demand in rural India? -Sayantan Bera

Share this article Share this article
published Published on Nov 17, 2017   modified Modified on Nov 17, 2017
-Livemint.com

Tractor sales have gone up in a year which has seen farmer protests in several states for remunerative crop prices and farm loan waivers, amid lingering effects of demonetisation and GST implementation

New Delhi:
Domestic tractor sales rose to a record in the first half of the fiscal year, but economists are hesitating to interpret it as a sign that the farm economy has finally turned the corner.

Tractor manufacturers sold 363,071 of farm machines between April and September, a 21% increase year-on-year, data from the Tractor Manufacturers Association shows. The number of tractors sold is the highest on record for a six-month period.

All major manufacturers have seen robust sales growth.

Mahindra and Mahindra Ltd, the largest tractor maker in the country, last week said the domestic tractor industry grew 37% in the July-September quarter from a year earlier, helped by a normal monsoon that boosted rural sentiment and demand for the farm machines. The company added that the increase in minimum support prices for both kharif and rabi crops are likely to keep rural sentiment positive.

Sonalika International Tractors Ltd registered its highest ever sales of more than 50,000 tractors in the first six months of 2017-18, with domestic sales rising by 51% in September from a year ago. Sales by Escorts Ltd grew 19% during the first half of 2017-18; its second-quarter sales rose by 32%.

But do rising sales of tractors signal a revival in rural incomes and demand following the consecutive years of drought in 2014 and 2015 and the impact of demonetisation last year?

Please click here to read more.

Livemint.com, 15 November, 2017, http://www.livemint.com/Politics/vJaOyPwGbSAoPneLIG0l0M/Are-rising-tractor-sales-a-sign-of-reviving-demand-in-rural.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close