India is the developing country and in the development, the agriculture is playing a significant role as in the agriculture industry the technologies are having an effective role as they generate revenue at a high rate which affects the GDP. Moreover, in the recent trend, the market of agriculture equipment is rising more rapidly with the more alteration in the existing technology and introduction of new technologies which totally abolish the earlier way of doing farming or agriculture in India. According to the report analysis, ‘ Agriculture Equipment Market Size ’ states that in the Indian agriculture equipment market the various technologies are used on the agricultural field which makes the efforts of farmers more efficient and effective while doing agriculture. The key players of Indian agriculture technology are functioning more significantly and make the market more attractive by enhancing the specifications of the existing technologies and introduction of new latest technology.
The Indian population is majorly dependent on agriculture as it is the main occupation. In India, an Agritech startup is done which is known as Napanta which enables the farmer to register agriculture equipment on rental basis and sales from their own farmland. Meanwhile, the marketplace also helps the farmers to supply their farm produce to their customers without the existence of middleman with their option of pricing. With the usage of this free mobile app, a farmer can access active information concerning regular market prices of 300+ commodities and 3500+ markets along with the 3-year price trend of with uncomplicated mobile internet networks. Not only has this, another startup, Mandi Trades which is capturing the huge attention of farmers as it helps Indian farmers more significantly, as this app enable farmers to post the detailed information of his item or crop directly from his smartphone. Moreover, the purchasers and retailers can also access the crops accessible locally within the locality. According to the report analysis, ‘ Agriculture Equipment Market Future Outlook ’ states that with the significant use of both, Napanta and Mandi Trades the Indian agriculture equipment market is spread across the globe and in the recent trend these apps totally eliminate the middleman and reduce the cost with the less time-consuming processes on the agriculture field.
No doubt, in some regions of India agriculture is the main source of livelihood but it is also the largest contributor to the national GDP. India is doing significant development in the technologies for enhancing the GDP and acquiring the highest share in the agriculture equipment market. The key players is also showing their efforts in maximizing the applications of the technology by which the farmer can generate the highest revenue and make the market more attractive and competitive as with the competitive nature of the market the investors are investing without any doubt which leads the market growth of Indian agriculture equipment in a more significant manner in the coming years over the decades.
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Ankur Gupta, Head Marketing & Communications