Union Budget 2018 proposals to drive prospects of agri-input companies

Companies like UPL, Rallis India, Dhanuka, PI industries, Coromandel and others are well placed to reap benefits

With the emphasis on boosting farmers’ income and rural economy, the Finance minister Arun Jaitley emphasised on several measures during the Union budget 2018-19. Arun Jaitley, in his Budget speech, proposed to increase the MSP (minimum Support price) for Kharif crop to 1.5 times producer’s costs and various other measures are likely to propel prospects of Agri-input companies (seeds, Fertilisers, agrochemicals players) as other proposed measure too will drive benefits.

Rating agency Icra says that the Union Budget 2018-19 lays huge emphasis on reviving the rural economy by increasing the income level of the farmers and reducing their costs and