Farm Mechanization In India Compared To The World

Farm Mechanization In India Compared To The World

Farm mechanization plays a key role in sustaining #agricultural #growth. The global farm machinery market has reached a valuation of USD 200 billion in FY19 and is anticipated to expand at a 9% compound annual growth rate (CAGR) from FY19 to FY25. Globally, Europe, Asia-Pacific and North America are the top-performing regions for the agriculture and #farm #mechanization sectors.

When compared to industrialized economies, where mechanization has exceeded 90%, farm mechanization in India is still in its early stages, at a mechanization level of between 40 and 45%. 

Farm mechanization is also essential in augmenting the earning capacity of rural farmers and the consequent progress of Indian society as a whole. Growth in agri GDP is a prerequisite to achieving an overall national GDP growth target of 8% and above in the long term. Therefore, given the current emphasis of the central government on augmenting the share of manufacturing in total GDP and the shortage of farm labour, farm mechanization is the way forward for #Indian #agriculture.

The level of mechanization has a significant positive impact on farmers’ cost, output value, and income. Due to farm mechanization in the US, Europe, and Russian markets, high productivity has doubled the farmer’s income. The global market is forecasted to experience substantial growth from FY 2019 to FY 2025, resulting from the intensive inclusion of innovative and advanced technologies in the farm machinery sector.

Proper farm mechanization ensures effective usage of machinery-related inputs and reduces the labour-intensive nature of farming activities, ensuring timely and increased #productivity. Although farmers in #India have been adopting improved farm equipment regardless of their landholding size, the potential of mechanization in the Indian agriculture sector is yet to be realized. With a national FPA average of 2.03 kW/ha in 2017–18, India needs to progress to 4 kW/ ha by 2030 to ensure better returns from the sector and make it a profitable enterprise.