The forecast for the value added of agriculture, forestry, and fishing in India from 2024 to 2028 remains stable at a growth rate of 6.12%, following a period of increased emphasis on sustainable and technological advancements in the agricultural sector. In 2023, the value stood comparably poised, reflecting stability and gradual development in the sector.
Key future trends to watch for include:
- Increased adoption of precision agriculture techniques which could enhance productivity and resource efficiency.
- Growing investment in agri-tech startups aiming to modernize traditional farming practices.
- The impact of climate change on agricultural yields and the adaptation measures undertaken.
- Evolving government policies to support rural economies and sustainability in agriculture.
- Potential export opportunities emerging from India's agricultural prowess, particularly in organic produce.