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AgriTech Startups Transforming Agriculture Sector in India

AGRICULTURE-FARMERSAgriculture sector in India has been the backbone of the country. Not only generating crops and keeping food-supply prosperous but Agriculture sector in India enjoys a significant share in the country’s GDP. India is one of the world’s largest agricultural producers by value. Infact, a study done by IMARC says that the agriculture sector in India reached a value of INR 63,506 Billion in 2020 and with increased used of technology or say digitalization the numbers gone touch new heights.

There are numbers of transformation we have seen in agriculture industry in India, digitalization and technology is among them. Also, rising penetration of the organized sector, growth in contract farming, agriculture becoming more mechanized, easy loan facilities, rise of exports, use of agrochemicals and high yielding seeds, and an increasing role of the private sector in processing, branding and marketing, etc. are few of them.

A report says that the agriculture industry in India to reach a value of INR 125,350 Billion by 2026, exhibiting a CAGR of 12% during 2021-2026.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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