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New Delhi, 4thApril2025– Indiaֱ agriculturesectoris witnessing a transformative shift driven byinnovation, technology, and policy support. The latestreport1Latticein collaboration withIVCA(Indian Venture & Alternate Capital Association),“Innovations in Agriculture,”was released today atStartupMahakumbh2025.Thereportprovides an in-depth analysis of the current market scenario, investment landscape, and the pivotal role of government policies in fostering a resilient and sustainable agricultural ecosystem.
The Indian agriculture market, encompassing ground agriculture, livestock, and fisheries, is experiencing significant growth, with an annual output value of approximately INR 30 Lakh Crore. Ground agriculture constitutes around 60% of this market, followed by livestock at 30% and fisheries at 10%. Thereportforecasts the overall market to grow from INR 31 Lakh Crore in FY25 to INR 38 Lakh Crore by FY30, driven by changing consumer demand, new farming methods, and technological advancements.
Key innovations in thesectorinclude the adoption of AI, ML, and IoT-based solutions for precision farming, which are enhancing crop yields and resource efficiency. Thereportalso highlights the emergence of tech-driven supply chains and end-to-end logistics services, which are addressing challenges such as limited supply chain traceability and product loss. Additionally, innovations in storage and warehousing are improving the shelf life of agricultural produce, while AI-based quality assessments are ensuring better food quality and fair pricing.
The investment landscape is equally promising, with private equity and venture capital investments inagri-tech companies growing at a CAGR of 40% between CY19-22. The highest value of investments was recorded in CY21, amounting to USD 1,080 million. Investments are primarily focused on ground agriculture, which accounts for 80% of the total investments, and companies operating in the upstream stage of the value chain.
Government initiatives, such as the creation of the Indian Digital Ecosystem of Agriculture (IDEA) framework and the implementation ofAgriStack, are playing a crucial role in supporting thesector‘s growth. These initiatives aim to provide farmers with easier access to inputs, knowledge services, and credit while also facilitating better market linkages.
Speaking about thereportlaunch,Abhishek Maiti, Director ofAgri& Industrials at1Lattice, said,“Indiaֱ agriculturesectoris witnessing a paradigm shift whereinnovationis not just an enabler but a growth catalyst. With agritech startups, policymakers, and investors aligning toward a common goal, thesectoris poised for unprecedented growth. Ourreporthighlights how technology-powered solutions can boost productivity, sustainability, and farmer incomes, making India a leader in global agritech.”
Rajat Tandon, President atIVCA,said,“Indiaֱagrisectoris at a defining moment—where tradition meets technology. What we’re witnessing isn’t just digitization, but a structuraltransformationdriven byinnovation, policy clarity, and institutions like NABARD, whose work in climate action, infrastructure, and ruralinnovationcontinues to be foundational. As private capital increasingly backsagri-tech, thisreportis both a reflection of progress and a roadmap for whatֱ possible when intent meets investment.”
Thereportunderscores the importance of collaborative efforts between the government, privatesector, and farmers to achieve a resilient and innovative agriculturalsectorin India. With the right blend of support and investment, India is poised to emerge as a global leader in sustainable agriculture.
