Agritech is short for “agricultural technology.” It involves all the technology, modern products, and services used in agriculture to increase yield, efficiency, and profitability.
This could include equipment like water filters and water pumps or digital services like apps that connect buyers to sellers in the rural markets or heirloom seeds, chemical free fertilizers, and smart agriculture techniques.
The agricultural sector in India employs half our population. We are greatly dependent on the farmers and agricultural labourers in India to provide us with a means of sustenance. Yet, this is one of the riskiest sectors to be employed in because it is dependent on uncontrollable factors like weather, topographical conditions and the constantly changing government policies.
Still, we continue to rely on this sector heavily. The recent difficulties faced by farmers like unfavourable weather conditions and rising debt have once again brought agriculture to the notice of the mainstream media and the minds of the ruling politicians. Efforts are being made to give this sector and its workers a much-needed boost.
And the biggest way of doing this is through advancements in agritech. Modern techniques and methods will surely elevate agriculture to the next level and ease the burden on farmers.
Here’s how that can happen.
Agritech In India Today
Within the last two years, as agriculture has come back into the public mindset, there has been an increased interest in investing in this sector. The government too has finally played its part by allocating a higher budget to agriculture sector as was announced in the Union Budget 2016-17.