NEW DELHI, 20 July 2025: India’s agriculture industry is projected to grow from INR 99.7 lakh crore in 2024 to nearly INR 236.6 lakh crore by 2033, registering a compound annual growth rate (CAGR) of 10.08% during 2025–2033, according to a new report by IMARC Group.
The report, Agriculture Industry in India: 2025–2033, examines the sector across multiple sub-industries, including farming, equipment, fertilizers, pesticides, warehousing, cold chains, dairy, animal husbandry, floriculture, fisheries, and agri-tech, among others.
Experts attribute the growth to technological innovation, shifting consumer demand, and sustained policy intervention. “India’s agricultural sector is undergoing structural change, powered by digital platforms like e-NAM, IoT-enabled precision farming, and growing consumer interest in sustainable and organic food systems,” the report stated.
Modernisation and Market Forces
India’s push towards sustainable and tech-driven farming practices has seen the adoption of remote sensing, AI-based crop management, and GPS-enabled farm equipment. These technologies help optimise yields, reduce input costs, and conserve resources.
There is also a growing trend toward high-value crops, horticulture, and food processing. Demand for fruits, vegetables, spices, and value-added products in domestic and international markets is expanding rapidly.
Moreover, the growth of agri-tech startups has enabled better access to financing, real-time market intelligence, and supply chain efficiency for smallholder farmers. “Agri-entrepreneurship and innovation hubs have opened new doors for rural economies,” the report said.
Policy Support and Sustainability
The government’s support schemes—such as PM-KISAN, subsidies on irrigation and modern equipment, and digital soil health initiatives—are encouraging the adoption of progressive techniques.
With India already achieving over 50% power capacity from non-fossil sources, agriculture is also moving toward sustainability with increased use of biofertilizers, organic inputs, and climate-resilient crop varieties.
“Infrastructure development, environmental policy, and consumer awareness are converging to create a robust and future-ready agriculture ecosystem,” said the report.
