Agri-Entrepreneurship in India: Harnessing Innovation and Technology for Sustainable Growth


Authors : Vidyawati; Shaurya Pratap Singh; Swati Negi

Volume/Issue : Volume 9 - 2024, Issue 12 - December

Google Scholar : https://tinyurl.com/2s3bez6m

Scribd : https://tinyurl.com/yh9cnajw

DOI : https://doi.org/10.5281/zenodo.14603047

Abstract : This study looks at how agri-entrepreneurship, which is fuelled by innovation and technology, is changing India’s agricultural sector to meet issues including resource inefficiency, market instability, and unpredictable weather. Since India’s economy is based primarily on agriculture, the study intends to examine new trends, pinpoint scaling issues, assess local and international models, and investigate potential future developments in agri-entrepreneurship. To assess the sector’s growth, the study reviews current literature, government papers, and case studies using a secondary data analysis methodology. Important conclusions emphasize how AgriTech firms, sustainable farming, and digital technology increase output and market accessibility. Successful initiatives like Apollo Agriculture in Kenya, Tulaa in Ghana, and DeHaat in India show how creative approaches are boosting the resilience and income of farmers. However, issues including inadequate funding, deficiencies in infrastructure and regulatory obstacles still exist. According to the study’s findings, agri-entrepreneurship may promote sustainable economic growth, improve food security, and establish India as a global leader in agricultural innovation by encouraging innovation, tackling systemic issues, and bolstering government support.

Keywords : Agri-entrepreneurship; Agricultural Innovation; AgriTech Startups; Sustainable Farming and Agricultural Resilience.

References :

  1. Awasthi, R., & Singh, J. 2024. The Future of Agri-Tech in India: Opportunities and Challenges. Indian Journal of Agricultural Economics, 79(1), 55-70.
  2. Batagoda, U. 2024. Agri-Fintech Startups: Revolutionizing Agricultural Finance for Smallholder Farmers. International Development: Accelerating global impact and fostering positive change through Financial Inclusion, Digital Inclusion, Market System Development, and Organizational Transformation. Linkedin. https://www.linkedin.com/pulse/agri-fintech-startups-revolutionizing-agricultural-finance-batagoda-zpmrc/. Accessed on 15/12/2024
  3. Crisil Research, 2024. Growth Marathon, emerging sectors, investments, efficiency gain priming India’s medium – term pace. Market Intelligence & Analytics, 6-7.
  4. DPIIT, Startup India, 2024. The growth of Agri-Tech Startups in India. https://www.startupindia.gov.in/french/content/sih/en/reources/startup_india_notes/industry_insights/the_growth_of_agritech_startups_in_india.html. Accessed on 18/12/2024
  5. Economic and Social Commission for Asia and the Pacific (ESCAP), 2023. Sustainable Development in Agriculture: The Role of Entrepreneurship. United Nations.
  6. Kumar, A., & Singh, S. 2021. Emerging Trends in Agri-Entrepreneurship: A Review of the Current Landscape and Future Prospects. Indian Journal of Agricultural Sciences, 91(3), 401-410.
  7. Ministry of Agriculture and Farmers Welfare, India, 2023. Innovation and Agri-entrepreneur programme of RKVY- RAFTAAR. https://agristartup.gov.in/ Accessed on 15/12/2024
  8. NITI Aayog. 2021. Doubling Farmers’ Income: Strategy and Action Plan. Government of India.
  9. OECD – FAO, 2023. Agricultural Outlook 2023-2032. pp.359.
  10. Ramachandran, K., Crossan, G., Delden, B. V., Stewart, D. & Bucaille, A. 2023. Deloitte Center for Technology, Media & Telecommunications, on solid ground: AgTech is driving sustainable farming and is expected to harvest US $18 billion in 2024 revenues, 1-20.
  11. Start-Up India. (2023). Agri-Entrepreneurship Support Schemes. Government of India.  https://www.startupindia.gov.in/content/sih/en/government-schemes.html,
  12. https://www.startupindia.gov.in/content/sih/en/tenders1.html Accessed on 15/12/2024

This study looks at how agri-entrepreneurship, which is fuelled by innovation and technology, is changing India’s agricultural sector to meet issues including resource inefficiency, market instability, and unpredictable weather. Since India’s economy is based primarily on agriculture, the study intends to examine new trends, pinpoint scaling issues, assess local and international models, and investigate potential future developments in agri-entrepreneurship. To assess the sector’s growth, the study reviews current literature, government papers, and case studies using a secondary data analysis methodology. Important conclusions emphasize how AgriTech firms, sustainable farming, and digital technology increase output and market accessibility. Successful initiatives like Apollo Agriculture in Kenya, Tulaa in Ghana, and DeHaat in India show how creative approaches are boosting the resilience and income of farmers. However, issues including inadequate funding, deficiencies in infrastructure and regulatory obstacles still exist. According to the study’s findings, agri-entrepreneurship may promote sustainable economic growth, improve food security, and establish India as a global leader in agricultural innovation by encouraging innovation, tackling systemic issues, and bolstering government support.

Keywords : Agri-entrepreneurship; Agricultural Innovation; AgriTech Startups; Sustainable Farming and Agricultural Resilience.

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