Krishi VaartaRajasthan Patrika
Every 9th agriculture-based startup in the world is from India
The country's agricultural technology sector has seen rapid growth in recent times. According to the IT industry body NASCOM, there are 450 startups in the sector. Not only this, every 9th Agritech startup in the world is based out of India.
According to the 'Agritech in India Emerging Trends in 2019' report, the annual growth rate of startups in the agricultural technology sector is 25%. These startups received huge funding of about Rs 1,761 crore in the first half of the year. According to the report, the income of farmers has increased 1.7 times in the last decade. Global and sector-based investors in the country's Agritech sector have invested directly in Agritech startups in the past few years.
Source - Rajasthan Patrika, 14th August 2019