Will India’s Agri-Tech Sector Achieve $600 Million by 2029?
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Synopsis
India's agri-tech sector is on a growth trajectory, projected to reach $600 million by 2029. With increased investor interest and innovation, this sector is becoming vital for sustainable agriculture. The report reveals the evolution of startups and the integration of technology, offering a glimpse into a promising future for Indian agriculture.
Key Takeaways
- India's agri-tech sector is projected to reach $600 million by 2029.
- The sector is experiencing a robust recovery post-2022.
- Innovation and sustainability are key drivers for growth.
- Digital tools are enhancing transparency in agriculture.
- Investment focus is shifting towards scalable business models.
New Delhi, July 17 (NationPress) India’s agri-tech sector is poised to secure $600 million in investments by the end of calendar year 2029, according to a recent report released on Thursday.
The analysis from 1Lattice indicates that this sector is likely to experience a consistent annual growth rate of approximately 6%, signaling a resurgence in investor enthusiasm and long-term faith in agricultural innovations.
Following a temporary decline in funding after 2022, the sector is now displaying robust signs of recovery.
The agri-tech landscape has undergone notable transformation over recent years, particularly seeing a surge in entrepreneurial activity during the pandemic.
In 2020, 572 new agri-tech startups emerged as the agriculture industry began shifting towards digital-first solutions to address challenges.
Funding rounds escalated from merely 53 in 2019 to a peak of 101 in 2022. Although the number of deals has stabilized at around 60 to 70 annually, the focus has evolved.
Investors are now prioritizing business models that are not only innovative but also scalable and execution-ready, moving away from backing early-stage experiments.
Several elements are driving this growth. Impact investors concentrating on sustainability are becoming increasingly involved.
Digital platforms such as Agristack and the electronic National Agriculture Market (eNAM) are enhancing transparency and efficiency throughout the supply chain.
Moreover, there is an increasing demand for Indian crops, both domestically and internationally. Technology is playing a pivotal role in this transformation.
From AI-driven data tools to advanced irrigation systems, innovation is empowering farmers to optimize resource usage, boost productivity, and address climate challenges.
The report suggests that as capital continues to flow into this sector and digital frameworks improve, agri-tech will become a vital component of India’s path toward more sustainable and modern agriculture.
Earlier this year, Union Minister of State (Independent Charge) for Science and Technology, Jitendra Singh, remarked that agricultural startups are effectively merging traditional organic farming methods with technology to create livelihood opportunities in rural areas.
Speaking at the Natural and Organic Farmers Summit 2025 in April, the Minister praised the initiatives of grassroots innovators and farmer-entrepreneurs who are leveraging science to enhance agricultural productivity and secure sustainable incomes.
Point of View
It's imperative to recognize the transformative potential of the agri-tech sector in India. The significant investments and innovations happening in this space not only address immediate agricultural challenges but also pave the way for a sustainable future. We should continue to support and promote these advancements to ensure they benefit farmers and the economy alike.
NationPress
17/07/2025
Frequently Asked Questions
What is the projected investment for India's agri-tech sector by 2029?
The projected investment for India's agri-tech sector is $600 million by the end of calendar year 2029.
What growth rate is expected for the agri-tech sector?
The agri-tech sector is expected to grow at a steady annual rate of around 6%.
What factors are driving growth in the agri-tech sector?
Factors include increased investor activity, the rise of impact investing focused on sustainability, and technological advancements improving efficiency and transparency in agriculture.
How many agri-tech startups were launched in 2020?
In 2020, a total of 572 new agri-tech startups were launched.
What role does technology play in the agri-tech sector?
Technology enhances productivity, optimizes resource use, and helps farmers cope with climate-related challenges.
