When Agricultural India meets Technology: Technology linking prosperity with Bharat

From taking turns for manning fields to using drones for keeping a vigil, traditions have adorned a new look to suit modern needs as agriculture explores new avenues of growth in the country with agritech.

Scientific & technology-based modern farming techniques have created a sea of opportunities for the Indian agriculture sector. New-age technologies are charting a new roadmap for the agriculture sector.

The government support is visible to the journey with Budget 2022-23 revealing plans to set up a dedicated fund for agritech startups.

A suite of applications digitising the agri sector and altering the agriculture ecosystem are driving the agritech transformation journey. $24 Bn is the market opportunity awaiting to be achieved by the year 2025.

A series of notable sub-sectors hold the key in driving the journey of agri-tech in the country. These include:

Market Linkage: Termed as the entry point for agri-tech penetration in India, market linkage is the highest contributor with $12 Bn market opportunity open to explore by 2025.

Notable startups: Ninjacart, Waycool, FarmLink

Agri-finance: Technology and it's solutions are changing the face of agrifinance with a slew of innovations, creating opportunities to make the most of the $4.1 Bn opportunity.

Notable startups: Jai Kisan, payAgri, CashPlow

Precision Agriculture: As usage of technology gathers momentum, data-driven decision making is enabling the widespread usage of precision agriculture for better yields that's staring at a market opportunity of $3.4 Bn.

Notable startups: Fasal, Cropin, Stellapps

Farm Management and Inputs: This emerging subsector is looking to explore the $1.7 Bn opportunity by the year 2025.

Notable startups: Bijak, Gramophone, m.i.t.r.a

Digital agriculture and smart approaches are looking to make the most of the excellent potential they have to offer to scale up Indian agriculture and make it compete well in the global markets.