Global 6Wresearch Market Reports

  Market Forecast By Types (Traditional Plough, Modern Plough, Specialist Plough), By Application (Farm, Individual Farming) And Competitive Landscape According to 6Wresearch, the India Plough Market size is anticipated to register growth during 2020-26.  The major aspects fuelling the plough market in the country are labor shortage, easy finance, rising income and a largely untapped market. For instance, In recent years, several banks and microfinance institutions have been set all over rural India. This has provided farmers with easy availability of credit to purchase farm machinery. Incentives in the form of subsidies, low import duties on agricultural machinery and easy financing schemes by the Indian government has also been a major driver of the market in India. Also, the National Rural Employment Guarantee Agency (NREGA) has had in many places a ripple effect - labour shortage leading to farm mechanization. The implementation of the NREGA scheme has reduced the inflow ...