Agri pump makers to see 7-9% revenue growth next fiscal, says CRISIL
The sector is dominated by conventional pumps (grid-connected and diesel pumps) which have ~90% share, with the remaining comprising solar pumps. Demand for agri pumps is largely resilient — a ‘good monsoon drives up farm incomes and pump purchases, buoyed by healthy kharif crops, while a ‘deficient monsoon necessitates the usage of pumps to irrigate rabi crops.
Source: indiatimes.com