Changing consumer demand, new farming methods to drive growth, says report by 1Lattice and IVCA
India’s agriculture market is set to touch ₹38 lakh crore by financial year 2030, up from ₹31 lakh crore in FY25, according to a report.
This growth of approximately 4 per cent per annum will be largely driven by the changing consumer demand for food products, new farming methods and technological advancements, the report – Innovations in Agriculture brought out by 1Lattice and The Indian Venture and Alternate Capital Association (IVCA) – said. The report was released at the Startup Mahakumbh in Delhi recently.
The Indian agriculture market, which encompasses categories such as ground agriculture, livestock and fisheries, is experiencing a significant growth and the annual output is valued approximately at over ₹30 lakh crore.
