How Agri-Tech is Transforming the Agriculture Sector? As a result of the proliferation of online agritech companies in India, India's agricultural sector is undergoing profound change and development. The future of agriculture in India has the potential in the burgeoning agri-tech sector, which is expected to generate $24 billion in revenue by 2025.
Currently in India, the agricultural sector is experiencing a transformation. Indian agriculture has gone a long way from its early days of merely guaranteeing the nation's food security to its current position as one of the world's top producers. With 58% of the people engaged in agricultural activities, India is still primarily an agrarian economy. Currently, the agricultural sector and related businesses account for roughly 17–18% of GDP. Agriculture and related businesses have tremendous room for expansion. The term "agri-tech" has become the latest fad in India's agricultural industry. Inc42 reports that there are one thousand agri-tech startups in India as of 2020 and that these businesses have raised over $400 million in funding between 2014 and 2020. Similar studies estimate that by 2025, India's agri-tech sector might generate $24 billion in sales. There is just approximately 1% of agri-tech penetration in India at the moment. This means there is a tremendous amount of room for growth and potential in the market.