The Rise of AgriTech Development

Agritech not only helps in the development of crops but also helps in the development of synthetic fertilizers, pesticides and other things related to farms. Despite a pandemic-hit year, agritech startups in 2020 saw over $300 million of investments. The number of such startups has shown steady growth with around 600-700 startups dominating the Indian agritech ecosystem. Agricultural communities developed approximately 10,000 years ago when humans began to domesticate plants and animals. By establishing domesticity, families and larger groups were able to build communities and transition from a nomadic hunter-gatherer lifestyle dependent on foraging and hunting for survival. Increases in agricultural productivity lead also to agricultural growth and can help to alleviate poverty in poor and developing countries, where agriculture often employs the greatest portion of the population. As farms become more productive, the wages earned by those who work in agriculture increase.

Leave a Comment

Your email address will not be published.