What's in it for the Agri-Sector in Union Budget 2023??
The Green Growth Edition
Union Budget 2023
India can generate over $800 billion of revenues by investing just about $270 billion into Agritech
Agricultural Growth Rate
Agricultural growth on an annualized basis has been consistently in the range of 3.5% to 4.0% in last few years
Fertilizer Subsidies
Under the Budget coverage, Government is likely to form a committee to review input cost for fertilizers
Modernizing agricultural value chains
Union Budget 2023 must touch upon Digital Agriculture mission that was launched in 2021 to promote AI, ML, IOT, GIS and drone use to optimize agriculture value chain
Financial Incentives
Budget 2023 must finance farm and food infrastructure, including irrigation, logistics, and storage facilities for agri growth. IRR positive model needed for success.