Summary:

According to TeamLease Services, India's agritech sector is predicted to grow significantly over the next five years, creating 60,000-80,000 new employment opportunities. The sector currently employs over one lakh people and includes professions such as AI development, supply chain management, and sustainable farming. Agritech focuses on crucial agricultural components such as enhanced irrigation, financial solutions, and real-time advisory services, all of which promote sustainable agriculture. Agriculture-intensive states like Maharashtra, Punjab, and Tamil Nadu offer the majority of job opportunities.

Despite its potential value of US$ 24 billion, India's agritech market remains largely unexplored, with only 1.5% penetration. Advanced technologies like AI, IoT, and data analytics drive the industry, providing smallholder farmers with user-friendly solutions to increase yields and reduce costs. Agritech positions include both hybrid and on-the-ground work, with a focus on data analysis and skill development. Over 450 businesses are growing at a 25% annual rate, transforming agriculture by bridging technology and market gaps.

Source: IBEF

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