Budget 2018 May Bring Positive Change in Indian Agriculture Sectors in Upcoming Year

Since Arun Jaitley has introduced the budget 2018, many analysts have been started to predict which sector will get good benefits from the budget? The Agriculture is one of them. Giving much priority to the agriculture; current government has killed two birds with one arrow: 2019 election and 2022 goal for rural development.

Comparison of 2017-18 to 2018-19 for the Agriculture Sectors: See the Above Image

Good Factors for the Agriculture Sectors:

MSP Cost – Finance Minister announced 1.5X input cost Maximum Support Prices (MSP) for the Kharif Crops to farmers
eNAM System – By March 2018, the Government Introduced eNam System (Online Agriculture Marketplace) to empower the farmers with ample bargaining power.
Irrigation Reforms2600 crore has been allocated towards irrigation reforms & rapid development.

So, the current government is going to empower farmers and that means, the businesses in this sector will get a boost in upcoming years and may give you good returns on Stocks.

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