At a time when Indian agriculture is dealing with the impacts of climate change, there is a need to pivot towards smart use of technology to improve efficiency, sustainability, and resilience.
While still nascent, agritech startups can play an important role in pushing the innovation frontiers of Indian agriculture. A new research article by economists at the Reserve Bank of India (RBI), published in the latest Monthly Bulletin, evaluated the agritech startup space in India and associated innovations in the agricultural sector.
The findings are worth discussing here. Of the 130,000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), the agricultural sector constitutes only about 4.7 per cent of the total.
Every startup requires funding to validate its ideas, develop a minimum viable product, and scale up operations.
Bu hikaye Business Standard dergisinin November 26, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin November 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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