Business Statistics

62 Business Statistics

Case 2: The Tractor Industry in India: Largest in the World

Introduction

India is an agriculture-based economy. Nearly 62% (approximately

one-third) of the population in India is dependent on agriculture for

livelihood. The impact of globalization is also evident in the farm

mechanization process. Tractors play a pivotal role in farm mechani-

zation and hence are one of the key drivers of agricultural productiv-

ity. There are huge prospects for growth for the tractor industry in

India because India is the largest producer of pulses and the second

largest producer of rice, wheat, vegetables, groundnuts, and fruits

in the ...