• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, August 10, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    Nitish Kumar PM

    Nitish as PM Modi’s challenger in 2024 will be the best thing for the BJP

    BJP JD(U)

    End of JD(U)-BJP alliance has a positive note for the saffron party

    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Indian textile sector can grow at the expense of China’s textile sector

    Indian textile sector can grow at the expense of China’s textile sector

    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    Bangladesh India

    India has treated Bangladesh with kid gloves all this while, the policy needs a rejig

    India russia trade

    The strengthening India-Russia ties is inspiring but India must have a tab on trade deficit

    arab world india

    The Arabs are now on their knees to please India

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Raja Marthanda Varma

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Charles Elwood Yeager

    When a rookie Indian pilot showed digitus medius to Uncle SAM

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Atul Kulkarni hindu

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    Nitish Kumar PM

    Nitish as PM Modi’s challenger in 2024 will be the best thing for the BJP

    BJP JD(U)

    End of JD(U)-BJP alliance has a positive note for the saffron party

    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Indian textile sector can grow at the expense of China’s textile sector

    Indian textile sector can grow at the expense of China’s textile sector

    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    Bangladesh India

    India has treated Bangladesh with kid gloves all this while, the policy needs a rejig

    India russia trade

    The strengthening India-Russia ties is inspiring but India must have a tab on trade deficit

    arab world india

    The Arabs are now on their knees to please India

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Raja Marthanda Varma

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Charles Elwood Yeager

    When a rookie Indian pilot showed digitus medius to Uncle SAM

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Atul Kulkarni hindu

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

Agritech can make India exponentially richer by 2030. And the time to act is now

Abhishek Kumar Singh
by Abhishek Kumar Singh
28 December 2021
in Economy
1
Agritech Agriculture India Potential
545
VIEWS
Share on FacebookShare on Twitter

During the last 4-decades, constant technological changes have led to an evolution of a separate allied technological domain. Edutech for the education sector and fintech for the financial sector are prominent examples of them. Similarly, Agritech as a feeder sector to agriculture is emerging as one which could make India exponentially richer.

Agritech has the potential to give a 300 percent return

Aspire Impact, India’s first Impact Rating & Certification initiative has released a detailed report on India’s potential; and challenges for it in Agriculture technology.

According to the report, Agritech has the potential to become the largest private-sector industry in the country. Citing various calculations, the report reveals that India can churn out revenue equal to 3 times its investment in Agritech. With an investment of 272 billion, our Agritech holds the potential to contribute 813 billion to India’s Gross Domestic Product. Moreover, it has the potential to provide livelihood opportunities to nearly 15.2 Crore people of India.

Amit Bhatia, founder of Aspire Circle and creator of Impact Future Project said that this sector is massively under-tapped and has huge growth potential. “With smart innovations, infrastructure and policy support and newer business models, the top-10 ideas researched by the IFP community can attract USD 272 billion in investments and generate USD 813 billion in revenue, impacting 1.1 billion lives,” said Amit.

Read more: MP govt’s scheme to boost entrepreneurship in agriculture

India has more than 1000 Agritech startups

According to various reports available in the public domain, a total of $9 billion of Foreign Direct Investment (FDI) has been invested in Indian agriculture during the last decade. This has led to an exponential rise in Agritech. Starting with 43 Agritech startups in 2013, India can now boast of more than 1,000 such startups. Modi government’s BHARATNET project to enhance rural Internet penetration has played a key role in it.

Read more: With Rs.19,041 Cr BharatNet Project in 16 States, Digital India moves towards Bharat from India

According to a report by EconomicTimes, the total turnover of India’s Agritech sector is below 1 percent of its potential. In September 2020 it had a turnover of $204 million. ET estimates further reveal that five categories of Agritech will be dominating the market.

The tech market for supplying farm inputs is alone expected to be as big as $1billion. Precision agriculture and farm management are expected to have a turnover of $3.4 billion. Similarly, quality management and traceability are expected to contribute a total of $3 billion. All these forecasts are true for 2025.

Read more: When all other sectors are expected to crash, Agriculture will drive the Indian economy in 2020

Challenges ahead and potential

However, there are various challenges that could hinder the growth potential of Agritech.

  • Currently, only 45-50 percent of India’s agriculture sector is mechanised, while in developed countries, the mechanisation percentage is as high as 90.
  • India has a huge dearth of cold storage. In 2018 alone, India’s food processing industry had to incur a total loss of $14 billion. This happened because India did not have cold storages to store 3.2 million tonnes of food.
  • Nearly 55 percent of our forests are exposed to fire. 70 percent of total forests have no regenerative capacity whatsoever.

Currently, around 58 percent of the Indian population is dependent on agriculture for their livelihood. If technologies like Blockchain, Internet of Things, Drones, and Satellites could be utilised judiciously, it could lead to a huge change in India’s agriculture domain.

Tags: AgricultureAgritechGDPIndiaStartups
Share5TweetSend
Previous Post

‘Mother’ Teresa was a con woman of the highest order and all related charities must be investigated

Next Post

Jammu and Kashmir opens up for ALL real-estate investors, bags Rs 18,300 crore in investments at once

Abhishek Kumar Singh

Abhishek Kumar Singh

Truth Seeker. Columnist at TFI Media.

Comments 1

  1. Avatar Harsh says:
    8 months ago

    That’s wonderful ! It is good that agritech innovation is being fostered by the private sector & especially start-ups ! Let the Permanently Protesting Paaji’s keep subsisting on Indian taxpayers’ money through the artificially inflated MSP’s being preferentially diverted exclusively to the rich farmers of Punjab & Haryana ! Let them keep drying up groundwater in the fertile fields of Punjab ! Let progressive states adopt new technology & increase their efficiency, productivity & profitability exponentially ! In less than a generation, Punjab will become a backward state – & no, their Canneda wale Paaji’s will no longer keep funding them … at some point, even taxpayers’ funds will start getting used for better things 🤗

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

10 August 2022
Indian textile sector can grow at the expense of China’s textile sector

Indian textile sector can grow at the expense of China’s textile sector

10 August 2022
Nitish Kumar PM

Nitish as PM Modi’s challenger in 2024 will be the best thing for the BJP

10 August 2022
Raja Marthanda Varma

Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

10 August 2022

Popular This Week

BYJU’s
Analysis

BYJU’s on the road to become the next SAHARA….

by Rahul Gupta
1 July 2022
In global defence market, Tejas is top-shelf stuff
Defense

In global defence market, Tejas is top-shelf stuff

by Rahul Gupta
7 August 2022
Atul Kulkarni hindu
Cinema

Atul Kulkarni – A vicious brain behind an innocent artist

by Tanya Trivedi
8 August 2022
Jagariya family
Trending

Single Hindu family in Mumbai’s Muslim-dominated bhindi bazaar was thrown out, and then came Hindus

by Apoorva Shukla
3 August 2022
Oil India
Geopolitics

Russia replacing Saudi Arabia as India’s top oil supplier is giving sleepless nights to Gulf countries

by Rahul Gupta
6 August 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost