Forecast: Share of Budgetary Expenditure on Agricultural Input Control in India

In 2023, the share of budgetary expenditure on agricultural input control in India was slightly higher than 0.54. Forecasts indicate a gradual decline from 0.54 in 2024 to 0.48 by 2028. This represents a year-on-year decrease, averaging a compound annual growth rate (CAGR) consistent with declining budgetary focus.

Future trends to watch for include:

  • Policy shifts towards sustainable agricultural practices may influence future budgets.
  • Technological advancements in agriculture could alter input control costs.
  • Fluctuations in global agricultural markets may impact India's budget allocations.

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