Agritech driving a resilient and thriving agricultural future

India's agriculture, which is the backbone of the entire economy, is undergoing a major change, which includes the use of advanced technologies.

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If 2024 taught us one thing in agri-tech, it was that the industry is heading toward a major path of transformation. This year saw major activity in terms of expansion – mergers and acquisitions, joint ventures, and new techs like generative AI, precision farming, drones, predictive analysis, and many more.

But we’ve still got some major hurdles ahead. According to the FAO, global and national food production will have to increase by 60 per cent to keep pace with the growing population by 2050. In simple terms, a common farming method will not be enough. On the positive side, sustainable practices and next-gen technologies are gaining momentum. As we enter 2025, the industry promises to redefine the way it grows, manages, and consumes food.

Agritech in 2024

In 2024, India witnessed a surge in agritech solutions aimed at empowering farmers and enhancing productivity. Key technologies that gained momentum include:

Precision Agriculture- These included IoT devices, GPS, and drones to enhance the use of resources, especially in terms of healthy soil, water demands as well as crop status.

Farm Management Software (FMS)- Farmers found information from digital platforms valuable because it helped them make good decisions and it included information about the market and weather among others.