India's pesticide market may hit S5 billion by 17

摘要

INDIA'S pesticide market, long stifled by various government controls and poor demand, is projected to more than double to $5 billion by 2017 on higher incomes and better awareness among farmers, according to senior industry executives. "Farmers are getting higher MSPs (minimum support prices) of crops than in the past, and they know how much they will lose if they don't prevent crops from pest or insect attacks. Also, as farm practices are improving, the use of pesticide will get a boost," Rajesh Aggarwal, managing director of Insecticides India, said.