5 Agrochemical Stocks To Watch Out For In 2023

India's renewed focus on agriculture and the agrochemical sector could attract investors to these stocks.

Along with infrastructure, agriculture is also the backbone of India's economy.

The sector employs almost half of India's population, accounting for about 16% of the country's gross domestic product (GDP).

Despite all this, the sector has seen little reforms over decades. India lagged in the agriculture sector in the past due to large scale famines and frequent droughts in several parts. Lack of technology was another reason.

It's only now that efforts are being made to increase the output via modern methods through providing subsidies and fertilisers. These reforms were long overdue.