India has for long relied on the agro-industry for its growth. The antecedents of agriculture can be traced back to thousands of years ago. For a significant lot, agriculture remains the basic source of livelihood. The techniques and methods involved in farming evolved over the years, and there is an enormous prospect in the agricultural sector in the years to come. This sector is expected to grow at an approximate rate of two percent on a year on year (YOY) basis. Therefore, being one of the key economic driver agriculture should adapt to the challenges that it is encountering today. This makes the imbibing modern technologies crucial as agriculture is one of the key economic drivers in India.
Indian agriculture still relies to a large extent on obsolete and conventional methods. Due to lack of technical knowledge, poor irrigation facilities and insufficient credit for capital have hampered the growth of this sector. But with the digital disruption taking over the economy, many stakeholders have realized that thriving of this sector depends on the digital innovation in this segment. It is expected that this year will probably many changes in policies, infrastructure development, supply chain management and technology enablement of areas such as quality, traceability, logistics, distribution digital lending and other areas of the value chain.
The government in its budget of 2018-19 announced