According to the UnivDatos, rising digital literacy among farmers, supportive government schemes like AgriStack and PM-KISAN, increased funding in agritech startups, and the growing need for sustainable farming practices through smart technologies such as AI, IoT, and cloud-based platforms drive the India Agritech market. As per their “India Agritech Market” report, the Indian market was valued at USD ~815 million in 2024, growing at a CAGR of about 13.50% during the forecast period from 2025 - 2033 to reach USD million by 2033.

The growth and evolution in India’s agritech sector have been spurred by technological developments, governmental support, and a rise in capital investments. This evolution serves to attain the advancement of the age-old conventional farming system with improved production and sustainability of agriculture.

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Government Initiatives Fueling Agritech Growth

The Indian government has stepped up to farm digital through different campaigns it has made to help the farmers. The Digital Agriculture Mission was approved by the Union Cabinet in September 2024 for ₹2,817 crore to provide infrastructure support and run IT programs in the central along state governments and with academic and research institutions

The Government provides administrative and technical support to all the states for the implementation of the Mission. As of December 5, 2024, a total of 29,99,306 Farmer IDs have been created, and a Digital Crop Survey (DCS) has been undertaken in 436 Districts in Kharif 2024. AgriStack is a federated structure, and the ownership of data is with the respective States only. The federated system has been built considering the privacy aspects as per the Digital Personal Data Protection (DPDP) Act, 2023.

Also, the government has been focusing on the AgriStack plan for farmers, where the farmers’ data will be compiled on a single interface for providing them facilities such as credit, Insurance, and market information. These include the use of reminder systems and mobile technology, as well as information sharing and other practices to make the farmers better decision-makers about their farms.

Technological Advancements Driving Efficiency

Technological advancement is a driving force towards the steerage of India in the era of agritech. IoT has made it possible to have smart Farming; with the help of smart devices, the farmers are now able to monitor the condition of the soil, weather conditions, and the growth of the crops. These technologies optimize the inputs, lowering the costs of several inputs as well as ensuring stabilization and improvement in yields.

On November 4, 2024, Namo Drone Didi is a central sector scheme aiming to empower women-led Self-Help Groups (SHGs) by equipping them with drone technology to provide agricultural services. The scheme aims to provide drones to 15000 selected Women SHGs during the period from 2024-25 to 2025-2026 for providing rental services to farmers for agriculture purpose (application of liquid fertilizers and pesticides for the present). This initiative is expected to generate an additional income of at least Rs. 1 lakh per year for each SHG, contributing to economic empowerment and sustainable livelihood generation.

Drones and satellite technologies are in use for crop analysis and pest identification so that the farmers may take the right measures to manage their crop production. For instance, in the agriculture/bio applications, satellite imagery facilitated timely sowing and irrigation schedules, making it reach an optimal crop yield and, therefore, improving revenue returns.

Investment and Startup Ecosystem Expansion

The use of technology in agriculture in India has gained much popularity in recent years, with many startup companies coming up to tackle the existing problems in farming. Some of these startups provide software for managing farms and supply chain management, while others deal with agricultural financing. It has been further strengthened by the government’s backing in the form of programs such as Startup India.

Private equity and venture capital companies have also taken significant interest in agritech, probably because of the increasing potential of the market. This has improved operational efficiency in the startups since they are now able to raise capital for research and development, growth, and penetrating other regions in the market.

START-UP Ecosystem in the Agricultural Sector

As per the Union Minister of State for Agriculture & Farmers, in July 2024, Financial assistance of Rs. 122.50 crore has been released in installments to a total of 1708 agri startups through various KPs and R-ABIs from 2019-20 to 2023-24 under the “Innovation and Agri-Entrepreneurship Development” program. The year–wise details of financial support provided to startups are as under:

Challenges and the Road Ahead

However, there are still some obstacles in its way, such as smallholder producers’ digital literacy remaining low, most of the farmers operating in small parcels, and infrastructure in the field also remaining a question. All these must be met with the help of policies spearheaded by the government, supported by local private companies, and most significantly, aided by civil society organizations.

In the future, the objectives should include working on user interfaces, improving access to the connected rural areas, and offering courses and seminars to ensure farmers’ preparedness. Synergistic approaches can open up the path to an orderly and endurable agriculture industry for the country, thus making India a premier agritech hub in the world.

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Building a Resilient and Tech-Enabled Agricultural Ecosystem

India has a fast-growing agritech market because of technology integration in the agriculture industry, policies enabled by the government, and the presence of several startups. By doing the following, new developments will make it possible for the country to change the face of its agricultural production and outcome to enhance food security, economic productivity, and environmental conservation in the next generations.

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