Agriculture Industry in India Forecast
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 947.8 Million
Market Forecast in 2033: USD 2,939.3 Million
Market Growth Rate: 12.2% (2025-2033)
The India agriculture market was valued at INR 99,689.0 Billion in 2024 and is projected to grow to INR 236,603.2 Billion by 2033, with an expected compound annual growth rate (CAGR) of 10.08% from 2025 to 2033.
Agriculture Industry in India Trends:
The agricultural industry in India is experiencing significant changes thanks to technological advances and shifting consumer preferences.The use of precision farming techniques, Internet-of-Things technologies, and AI-powered devices are used to increase efficiency and decrease waste.Furthermore, the increasing popularity of organic agriculture and sustainable practices is a reflection of the growing awareness of environmental issues for both consumers and farmers.Government initiatives such as those of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) and e-NAM (National Agricultural Market) are improving the efficiency of the sector by offering financial assistance and increasing market access.
Additionally, the use of drones and satellite imagery to monitor crop growth has revolutionized traditional farming practices and ensuring more accurate yield forecasts and better management of pests.Agri-tech startups are making waves and are offering cutting-edge solutions like farm-to-fork supply chain optimization, as well as electronic marketplaces to help farmers.These developments point to a shift toward a more efficient and technologically driven agricultural system that caters to both international and domestic consumer demand.The focus on resilient crops and water-efficient irrigation systems highlights the industry's ability to adapt to the changing climate.With the increasing investment into R&D and the infrastructure sector, sector of agriculture is set to adopt the latest technologies while maintaining traditions.
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Agriculture Industry in India Scope and Growth:
The agricultural industry in India has enormous potential and is a major contributor to the country's GDP as well as jobs.With an extensive agricultural land base and a variety of agricultural climate zones, the industry provides a variety of crops, ranging from staple grains to premium horticulture production.Furthermore, the rising demand for organic and processed food products offers huge opportunities for agribusinesses and exporters.Government policies that promote FDI for food processing as well as cold chain technology are increasing growth.Furthermore, the increase in contracts for farming and farmer-producer groups (FPOs) can improve the stability of smallholders' earnings while creating better market connections.
Furthermore, improvements in post-harvest technologies as well as storage facilities are helping to reduce the amount of food wasted, thereby increasing profitability all over all levels of the value chain.The growth of agro-based businesses including biofuels, bioplastics and bioplastics, can also create new sources of income for farmers.With increasing digital penetration, e-commerce platforms are enabling direct farmer-to-consumer sales, eliminating intermediaries.The growth of the sector is supported by an increasing demand for exports for Indian spices including basmati rice, basmati as well as marine products.As mechanization and sustainable practices progress, the agriculture sector is poised to attain long-term sustainability and profitability which will increase its importance in India's economic growth.
By the IMARC Group, the Top Competitive Landscapes Operating in the Industry:
India Agricultural Biologicals Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest agriculture industry share in India. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Breakup by Subsectors:
Farming is increasingly dominating the agriculture industry in India, playing a crucial role in food production, employment, and economic growth, impacting millions of farmers nationwide.
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