However, Bombay Burmah Trading Corporation recorded a reduction of 10 per cent in its PAT. Marico and Bombay Burmah Trading Corporation were the top companies in terms of profit after tax, with PAT of Rs 827.45 crore and Rs 772.65 crore, respectively, in FY18. The highest contributor to sales came from EID Parry for the second consecutive year, which contributed more than 17 per cent to the total sales of FY18. The sector is struck by global and local market volatility and the global explosion in foodgrain production is constantly increasing the pricing pressure on the farmers.Īnalysing the sector with top 22 companies in terms of market cap, we observe that the overall sales of the companies have increased by 7 per cent in FY18 to Rs 86,676.11 crore as against Rs 81,331.23 crore in FY17. Mostly sidelined at the fringe of issues, the agriculture sector is witness to a sea of agonised farmers and has recorded around 6,867 farmers’ suicides in 2016, from just five states of India including Madhya Pradesh, Maharashtra, Karnataka, Telangana and Tamil Nadu.
However, despite India’s coveted position in the world agricultural market, the sector is constantly tormented by the plagues of pest outbreaks, storage and transportation difficulties, debt failures, market volatility and mounting price pressure on the farmers. The country’s shrimp sector is expected to expand to USD 7 billion by 2022, while the dairy sector is expected to grow at a CAGR of 15 per cent by 2020.Īgriculture sector constitutes nearly 10 per cent of the country’s total exports. It is also one of the largest exporters of shrimp in the world and the second largest fruit producer.
India has been the largest producer of milk for over two decades and is a hub of coffee and tea production. The sector has witnessed an exponential increase in the production of cereal foodgrains, pulses, sugarcane and cotton in recent years. With the arrival of normal monsoons and the influx of government spending for energising the rural economy, the sector is riding on new hopes of prosperity.ĭogged by the water shortages, inconsistent monsoons and increasing pricing pressure, the Indian agriculture sector has managed to emerge successfully as the top producer of several agricultural commodities. Serving the world’s sixth largest food and grocery market in the domestic segment, the sector is also consistently growing its contribution to the global food trade.
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It contributes over 20 per cent to the country’s gross value added and is poised to be the growth driver of the economy in FY19. The sector is the principal means of livelihood for over 58 per cent of the total rural households. To download the companies data in table please Click HereĮmploying over 119 million farmers and 144 million agricultural labourers directly, the Indian agriculture sector is rightly known as the backbone of the Indian economy.
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