Market size of Agriculture Sector

The Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. India can be among the top five exporters of agro-commodities by shifting its focus on cultivation and effectively handholding farmers

Market size of real Agriculture in India (US$ billion)

In India, agriculture is the primary source of livelihood for ~54.6% of the population.

As per 1st advance estimates of National Income FY 22, the percentage share of GVA of Agriculture and Allied Sectors (at current prices) is 18.8% of the total GVA.

Agriculture and allied activities recorded a growth rate of 3.9% in FY 2021-22 (uptil 31 January, 2022)

Gross Value Added by the agriculture and allied sector is 18.8% in FY 2021-22 (uptil 31 January, 2022)

As per the Budget 2022-23, Rs. 1.24 lakh crore (US$ 15.9 billion) has been allocated to Department of Agriculture, Cooperation and Farmers’ Welfare

Opportunities in various segments

  • All
  • Supply chain infrastructure
  • Potential global outsourcing hubs
  • Farm management services

Supply chain infrastructure

1,303 cold storages with a capacity of 45 lakh MT have been established since 2015.

Private warehouse operators are supported by multiple income streams, subsidy and availability of credit.

It is expected that 4% growth in the food grain storage capacity would restructure agricultural sector over the next few years.

Potential global outsourcing hubs

Huge opportunity exists for agri input segments like seeds and plant growth nutrients.

As of January 2021, out of the 37 approved mega food parks in the country, 22 were operational

In Sept 2019, the World Bank sanctioned Rs. 3,000 crore (US$ 429.25 million) to finance mini and mega food parks in the country

Farm management services

New agri business, which provides inputs such as seeds and fertilizers along with providing advice and training farmers on latest agricultural practices.

In December 2019, the Department of Agriculture, Cooperation and Farmers Welfare created a task force to develop a complete farmers’ database for better planning, monitoring, strategy formulation and smooth implementation of schemes for the entire country.

Asset management company

India’s comparative advantage lies in its favourable climate, large agriculture sector and livestock base, long coastline and inland water resources

Why We Choose

Demand-side drivers
  • Population and income growth
  • Increasing exports
  • Favourable demographics
Supply-side drivers
  • Hybrid and genetically modified seeds
  • Favourable climate for agriculture and wide variety of crops
  • Mechanisation
  • Irrigational facilities
  • Green revolution in Eastern India
Policy support
  • Growing institutional credit
  • Increasing MSP
  • Introduction of new schemes like Paramparagat Krishi Vikas Yojana, Pradhanmantri Gram Sinchai Yojana, and Sansad Adarsh Gram Yojana
  • Opening exports of wheat and rice
  • Approval of National Mission on Food Processing
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