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The Economic Times

Economy / The Economic Times

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Tractor makers bet on returning migrant workers to drive up sales

Reverse migration, driven by geopolitical tensions, is boosting India's tractor industry. Returning migrant workers are investing in tractors and equipment, fueled by easy NBFC financing and record farm incomes. This trend, observed during Covid, is expected to drive significant growth in tractor sales, with industry leaders anticipating a 22-24% increase.

31 Mar 2026 1:08 am