AGRICULTURE INDUSTRY AND MARKET OPPORTUNITY

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THE INDIAN AGRICULTURE INDUSTRY
AND MARKET OPPORTUNITY

Agriculture Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
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Agriculture Industry in India: The agriculture industry in India is estimated to be USD 372.94 billion in 2024, with a projected growth to USD 473.72 billion by 2029, at a CAGR of 4.90%. The sector plays a crucial role in the nation's economy, contributing significantly to its GDP and employing a substantial portion of its workforce. The industry encompasses food crops, cereals, oilseeds, fruits, vegetables, and more

Market Trends: One of the major trends in the Indian agriculture market is the adoption of technology. Farmers are increasingly using modern techniques to improve productivity and efficiency in farming practices. The market offers opportunities for stakeholders to leverage technological advancements and innovative solutions to drive growth and sustainability in the agriculture sectors.

Export Value: In the fiscal year 2023, the export value of agriculture and allied products from India was over 53 billion U.S. dollars. The share of agricultural exports in India's total merchandise exports was 11.90% in 2021-22, indicating the significant contribution of the agriculture sector to India's export market

The Indian agriculture industry presents significant growth opportunities for stakeholders, driven by technological advancements, government support, and changing farming practices. By embracing modern equipment, precision agriculture techniques, and sustainable farming practices, stakeholders can contribute to the modernization and mechanization of Indian agriculture, creating a sustainable and prosperous future for farmers and the nation as a whole.