Crisil cites rising cases, high-base effect Rising COVID-19 cases in rural areas amid the second wave of the pandemic, along with last year’s high-base effect may limit the growth of domestic tractor sales to 3-5% in the current financial year, according to Crisil Ratings. “The already high base of last fiscal and severity of the second wave preclude significant tractor volume growth this fiscal,” Gautam Shahi, Director, Crisil Ratings Ltd. said, adding several States had imposed lockdowns recently and crucially, rural India was less insulated this time around. States such as Maharashtra, Uttar Pradesh, Haryana, Karnataka, Madhya Pradesh and Rajasthan, that account for more than 50% of tractor volumes, had seen a surge in infections.