With an aggregate sectoral value in excess of $450 billion, agriculture has continued to play an important role in fostering livelihoods and ensuring food and nutritional security in India.
The emerging trends in Indian agribusiness point at the shift in focus from a production-driven sector to market-driven factors.
While the agriculture growth and diversification story has been a result of a right mix of policy and processes pushed over a period of time, there a few bottlenecks which call for attention.
Industry ask
Activating the adoption of next-gen agri-tech
More focus to ease investments through ease of doing agri-business
Supply chain optimisation, better market linkages
Support to agri-infra and primary processing infra
Enhanced strategic nudge in joint initiatives
.
Key challenges
Despite increase in overall budget, budgetary allocation to agricultural research and education remains low over the years
There is a strong need to create a strong framework for agri-edtech
To enhance the farm power availability, clean energy could be one of the potential source of energy
There is a significant headroom for agri infrastructure & logisticse
Making full stack data available for all will help in facilitating last-mile delivery
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