How Argitech Is Creating Better Opportunities for Indian Farmers
India’s digitalization, along with a robust startup surge, has been the driving force behind the rapid economic improving economy across industries, writes Manoj Survana at The Times of India. The country now has over 700 million smartphone users, with 68% on 4G, and this has served as a barometer for the tremendous shift that is taking place.
The agriculture sector, which is the backbone of the Indian economy, has not been spared, and the growth of agritech entrepreneurs has made this ecosystem more advanced, organized, and robust, benefiting its most crucial stakeholder — Indian farmers. Innovative solutions, online marketplaces, refined supply chains, mobile apps, drones, and additional investments are not only empowering producers, but also making resources more accessible, offering better prices, preventing waste, maximizing profits, building scalable businesses, and removing bottlenecks.
According to a Nasscom analysis, postharvest losses in India total Rs 93,000 crore. The agritech businesses in this region are critical in decreasing waste and improving agricultural techniques, ultimately benefiting farmers. The agritech solutions are aimed to improve agricultural productivity and profitability by minimizing crop loss and wastage. The world’s population is expected to exceed 8.5 billion by 2030, and agritech businesses are making substantial efforts to achieve agricultural scalability in order to meet the inevitable food demand.
It is true that Indian farmers do not work in the same way as the rest of the globe. They are marginalized, continually vulnerable, burdened by prices, working with little resources, and cut off from typical banking services. Although aspects such as soil, climate, and water availability cannot be controlled, they can be influenced by using technology to increase agricultural yields. Having access to the appropriate information at the right moment might be critical to the harvest. Farmers have benefited from advanced systems powered by drones, cloud, big data, blockchain, IoT, machine learning, and AI. Soil mapping, micro-irrigation technology, supply chain management systems, yield prediction systems, and other services have been offered by startups.
MORE BY THE TIMES OF INDIA
Because of India’s recent surge in rural internet access, farmers have been able to readily deploy these services. Every other household now has a smartphone, facilitating the growing link between technology and agriculture.
Read more at The Times of India.
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