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Indian Tractor Industry Growth Expected to Moderate to 1-4% Amid Below-Normal Monsoon Forecast
India's tractor industry volume growth is projected to slow to 1-4% this fiscal year, down from 23.5% previously, due to a high base effect and a below-normal monsoon forecast by IMD and Icra. Anticipated El Nino conditions and recent rainfall deficits in India could negatively impact farm incomes and tractor demand.
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Economic Times1 min de lectura