Paradigm shift with advent of fintech and agritech

Abstract

Agriculture provides a living for around 58% of India’s population. In FY20-21, agriculture and related industries accounted for 17.8% of India’s gross value added (GVA) at current prices. However, about 30-35% of the annual crop yield in India gets wasted because of pests. The majority of techniques and tools are outdated and are not upgraded due to high costs and lack of awareness. This lack of sufficient funds and farming techniques leads to a decline in per capita productivity of land and hence results in low farm Income.