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AgroSpectrum - April 2022

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Why farm mechanisation is crucial to agri boom
The current valuation of the agriculture sector in India stands at $370 billion, and the value for the sector is definitely increasing by the year. According to the Economic Survey 2020-21, GDP contribution by the agriculture sector was 19.9 per cent in 2020-21, an increase from 17.8 per cent in 2019-20. Further, amid COVID-19, it was the farming community that showed exceptional resilience, which resulted in agriculture being the only sector to post a 3.4 per cent growth at constant prices in 2020-21, when the entire economy contracted by 7.2 per cent. As the thrust in the sector is constantly moving forward, it’s imperative that our farmers get more and
more options in the market for their produce. And, there are indications that India is being aggressive in expanding the country's agriculture and processed food sector into the global market. Let us examine the role of new tech in mechanisation that can propel India’s agri growth.

AgroSpectrum Description:

Uitgever: MM-Activ-Sci-Tech-Communication

Categorie: Business

Taal: English

Frequentie: Monthly

Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.