Agricultural pump manufacturers can expect steady revenue growth in the fiscal year 2025, as per the latest report by CRISIL Ratings. The growth is projected to be around 7-9% and will be driven by strong domestic demand for conventional pumps and the increasing adoption of solar pumps. These solar pumps are witnessing a surge in offtake, especially under the PM Kusum Scheme. The report also highlights that the sector is likely to see a growth of 8-10% in the current fiscal year.
Agri Pump Makers to See Revenue Growth of 7-9% in FY25: CRISIL
- December 27, 2023
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