New Technology and Business Models Leading India’s Agricultural Rise
www.geospatialworld.net/prime/business-and-industry-trends/new-technology-and-business-models-leading-indias-agricultural-rise/
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the rural economy in India primarily revolves around agriculture and allied industries.
And although these industries added only 16.7% to India’s Gross Domestic Product (GDP) for the year 2019 (World Bank), they employed 43% of the population.
the agriculture economy is on the “cusp of massive disruption.”
technology promises explosive growth in the sector now.
Farmer Producer Organizations (FPOs) are better poised than before to make use of technology even as they become digitally savvy themselves.
rapid rural digitization and increased technology affordability, initiatives for financial inclusion, improved infrastructure and access, renewed investor focus, and an increase in the number of startups that have come to empower the farming community.
different startups have entered at different value chain stages
investment in post-harvest infrastructure
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