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The State of Indian Agritech 2017

This report aims to reiterate the importance of the agriculture sector as a primary keystone of the Indian economy. It also aims to look at the challenges it faces and examine the flaws in current

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Key Highlights

Agricultural exports grew from $24.7 Bn in 2011-2012 to $32.08 Bn in 2015-2016 at a CAGR of 6.75%. While food grain production stood at 253.16 Mn tonnes in 2015-2016, it is expected to reach 280.6 Mn tonnes in 2020-2021.

58%

of India's population depends on agriculture for livelihood

70%

of India's farmland is still largely dependent on monsoons

250

Startups working in Agriculture sector

53

Indian agritech startups raised $313 Mn

Table Of Contents Summary

Editor's Note
Scope
Introduction
Government Initiatives
Challenges
Opportunities
New Trends In Agritech
Investing Landscape
Conclusion
Acknowledgements
Bibliography

Summary

Agriculture is the primary source of livelihood for about 58% of India's population i.e. more than half of this country with 1.3 Bn people. So, calling it a vital sector is probably understating the important role it plays in the Indian economy. As per Indian Brand Equity Foundation (IBEF)'s 2017 sectoral report, agriculture, along with fisheries and forestry, is one of the largest contributors to the Gross Domestic Product (GDP). The GDP of agriculture and allied sectors in India was recorded at $ 244.74 Bn in FY16.