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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