The emerging trends in Indian agribusiness point at the shift in focus from a production-driven sector to market-driven factors.
While the agriculture growth and diversification story has been a result of a right mix of policy and processes pushed over a period of time, there a few bottlenecks which call for attention.
Industry ask
- Activating the adoption of next-gen agri-tech
- More focus to ease investments through ease of doing agri-business
- Supply chain optimisation, better market linkages
- Support to agri-infra and primary processing infra
- Enhanced strategic nudge in joint initiatives
Key challenges
- Despite increase in overall budget, budgetary allocation to agricultural research and education remains low over the years
- There is a strong need to create a strong framework for agri-edtech
- To enhance the farm power availability, clean energy could be one of the potential source of energy
- There is a significant headroom for agri infrastructure & logisticse
- Making full stack data available for all will help in facilitating last-mile delivery
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