IoT Adoption in Indian Agriculture: A 2020 Landscape

Agriculture is a core pillar of India's economy, along with services and manufacturing, having contributed 16% to the national GDP and USD 420+ billion in GVA in 2019. Yet Indian agriculture suffers from the paradox of having to produce more with shrinking and costlier inputs, resulting in one of the lowest farm incomes. NASSCOM and Cisco collaborated on a study of the Agri value chain to discover the extent of IoT-led technology adoption. The study employs a uniquely created IoT Adoption Index to assess current gaps and potential opportunities with IoT-led digital transformation of Indian agriculture.

DOWNLOAD PDF

Key Findings

Historic FY 2019-20 Indian agricultural output, yet lowest farm incomes

India continues to be a dominant agrarian economy with a 16% Agri-to-GDP ratio, and record USD 421 bn. GVA in FY 2020
Sector’s input costs at 63% of market price, and low mechanization have led to lowest farmer income growth in 2019-20, declining by 50% over a decade

Indian agriculture is a critical government priority, yet the twin challenges will need significant technology input

Productivity and profitability are the twin challenges facing Indian agriculture
Globally, farm mechanization and IoT adoption have led to significant improvements in yields and incomes
IoT-led connected agriculture is estimated to grow 3X by 2025, globally

NASSCOM IoT Adoption Index reveals biggest gap in adoption – resistance to change and untenable RoI

IoT adoption index calculated across pre-harvest and post-harvest agri value chain shows very nascent adoption, between 27-37%
3X drop is noted between knowing about technology and actually adopting it in the field
Most use cases are of basic nature, although those who deploy IoT report major benefits with real-time data insights

NASSCOM recommends that a mission-scale ecosystem effort is needed to digitally transform Indian agriculture

Role of governments, agri enterprises, tech solution providers, and agritech startups will be key to bringing at-scale digitization
Investments in R&D, education, supporting infrastructure, as well as, in open stack technology architecture will be important
Digital tech, such as AI/ML, analytics, Big Data, will be important in realizing smart, farm2market solutions

Get The Report

Download the report and get detailed insights on the sector.

Regular Price : Free Download

Member Price : Free Member Login

Nasscom Members- Login to download the report

Related Reports

Leveraging AI to maximize India’s Agriculture output

Agriculture plays a huge role in shaping the national economy by contributing ~16% to India’s GDP with 44% of the total workforce employed in it. Despite being an agrarian economy and…

25, March 2021

Free for Members

Agritech In India - Emerging Trends in 2019

NASSCOM’s report titled Agritech In India – Emerging Trends in 2019 underlines transformation and trends in the Indian Agritech Industry. The report covers emerging areas in Agritech…

13, August 2019

Free for All