India’s agtech sector is expanding rapidly, with the market projected to reach Rs 42 lakh crore by 2030, driven by AI, precision farming, and digital platforms. The number of agtech startups has grown from fewer than 50 in 2013 to over 1,000, while the agricultural drone market is set to soar from $145.4 million to $13 billion by 2030. Government initiatives, such as the Digital Agriculture Mission and AI Centers of Excellence, are accelerating adoption, with Rs 990 crore allocated to AI-driven agricultural advancements. Technologies like AI-powered crop monitoring, predictive analytics, and farm management platforms are helping farmers optimize yields and reduce costs.
Despite challenges such as digital adoption barriers and the need for upskilling, India’s agtech market presents a $24 billion opportunity, with the potential to increase farmers’ incomes by 25-35%. As more private players and startups enter the space, AI-driven solutions and sustainability-focused innovations will continue to reshape the country’s agricultural landscape, enhancing productivity and ensuring long-term food security.
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