Ratings agency ICRA has said that seed industry is expected to continue to grow at double-digit rate over the farmers opting for improved varieties of hybrid seeds and improvement in seed replacement ratio (SRR). The favourable policy environment aimed at boosting agricultural productivity through National Food Security Mission augurs and supporting the usage of seeds through National Seeds Plan well for the industry.

Also it added that "seed industry is expected to continue to grow at double-digit rate over the farmers opting for improved varieties of hybrid seeds and improvement in seed replacement ratio (SRR). This is largely driven by improving SRR and increasing adoption of improved varieties of hybrid seeds."

During 2008-09 to 2014-15 the domestic seeds industry has grown at a CAGR of 8.4% in volume terms to reach 3.5 MT in consumption.

ICRA senior vice-president Sabyasachi Majumdar said that “ICRA believes that ensuring better quality seeds to farmers is a relatively low-hanging fruit to boost the yields. As ensuring adequate irrigation infrastructure and improving the level of mechanisation is a challenging and long drawn process due to fragmented land holdings. "