I really appreciate the pain you took in trying to make me understand the business. My simple argument is, can’t farmers use normal seeds instead of GMS if GMS are expensive? Because GMS is better and has better yield, farmers want to use that and hence government is imposing price controls. Similarly, pesticides helps in improving yield of the crop. Now if government says that farmers are dying and are unable to earn much per acre as their crop yield is low then they will further go to pesticides. I agree that government as of now has reached till level 2 but who knows if they start going to level 3 ?
Gruh forms a good portion of my porfolio simply because of loan growth rate of >25%, nil NPAs and under penetrated market.
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