Decoding India’s AgriTech Ecosystem: Market Feasibility Services for Startups

Indian agriculture sector is set to reach ~ USD 598 billion by 2029. Around half of the Indian population still relies on agriculture for its livelihood. This shows the importance of agriculture and agrobusiness ecosystem for Indian economy. However, average yields are still low in India pertaining to numerous factors such as fluctuation in weather conditions, decline in soil quality, lack of skilled workforce, poor knowledge of advanced agriculture practices, higher post-harvest wastages, etc. This necessitates the need for new start-ups that can improve agriculture yields and deliver higher values to the producers by leveraging modern technologies. Consequently, agritech start-ups are on a rise in India. Both governments led initiatives and private sector participation are boosting the growth of agritech startups in the country. These start-ups are helping farmer with real time expertise and know-how by leveraging technologies and physgital ecosystems. As per Nasscom , the...