India to generate $813B in revenue from agri, food sector by 2030: Aspire report

The report has been authored by the leading agri-tech experts, industry leaders, academics and thinkers.

Aspire Circle, in its fifth series of reports to generate 100 impact ideas for India’s inclusive growth has recently collaborated with 200 experts with their research ideas and spoke about its objective, to shape India’s Impact Economy.

Under the title, ‘Investing for Impact: Food, Agri and Argitech’, the report has been authored by the leading agri-tech experts, industry leaders, academics and thinkers. Focusing on ten disruptive investment ideas, the report offers a comprehensive roadmap on how new-age technologies, innovative practices, process re-engineering, and refined business models can all combine to make Indian agri and food industry, future-ready. 

“In the last decade India attracted close to $9 billion in FDI investments in the agriculture sector. This decade brings an opportunity for India Inc to take advantage of the massive untapped potential this sector holds and transform it to be sustainable and future-ready. With smart innovations, infrastructure & policy support and newer business models the top 10 ideas researched by IFP community can attract $272 billion in investments and generate $813 billion in revenue, impacting 1.1 billion lives,” said Amit Bhatia, Founder of Aspire Circle & Creator – Impact Future Project.

“From massive movements towards plant-based proteins to protected cultivation to tech driven farmer services and collectivization of small-hold farmers, man’s ability to produce more with less in a socially responsible-environment-friendly manner has grown by leaps and bounds. In country like India, this is also politically sensitive sector impacting lives of extremely large section of society making reforms difficult. In this context, platform like IFP is extremely valuable bringing various stakeholders together, ideating on solutions and identifying actionable initiatives.” said Purnima Khandelwal, Co-Founder, INI Farms.

The report further said India has its share of challenges when it comes to agricultural practices, including mechanisation levels, which is at 40-45 per cent unlike 90 per cent in the developed economies.

The report has been authored by the