Ira Singh
Khabar Khabaron Ki,29 Jan’24
The agriculture sector is on the brink of a technological boom as the use of Artificial Intelligence (AI) is projected to witness a staggering compound annual growth rate (CAGR) of 23.1% from 2023 to 2028. While this promises increased efficiency, sustainability, and productivity, it also casts a spotlight on the transformative impact of AI on the job market within the agricultural sector.
Unlike other industries, agriculture in India has so far been largely untouched by transformational technologies like AI, but this presents a tremendous opportunity. With 65 crore people dependent on agriculture for their livelihoods and 86 per cent of the farmers in India being small and marginal farmers, the sector holds the key to uplifting India’s GDP, thus making it crucial to enhance efficiency, reduce crop losses, and increase farm productivity.
Governments, through fiscal and political interventions, have been working to tackle the many challenges that Indian farmers face. The Government’s budget allocation for agriculture has increased from ₹21,000 crore in 2013-14 to ₹1.15 lakh crore in the year 2023-24, according to sources.
Generative AI has the potential to improve the accuracy of farming techniques significantly. Analysing vast and diverse data sets can provide farmers with real-time insights into their soil conditions, weather forecasts/patterns, and crop-specific recommendations. The result is an informed, efficient, and sustainable approach to farming that can boost yields, reduce wastage, and enhance overall profitability, according to experts.According to recent reports,BharatAgri,has seen a sharp rise in accuracy in addressing queries to farmers who interact with us, with 65 per cent of the queries by farmers now being handled by our AI-powered chatbot.
As AI continues to redefine the agriculture market, finding a balance between technological advancements and the well-being of the workforce becomes crucial. Proactive measures, including robust education programs, supportive policies, and social safety nets, are essential to ensure a smooth transition for workers and maintain a sustainable and inclusive agricultural sector.Moreover,in recent years, India has taken a lead with digital adoption and innovation, be it in the field of governance with digital public goods, or as seen in the enactment of legislation that’s in line with a progressive policy. This has helped foster entrepreneurship and grow the country’s startup ecosystem to become the third largest globally. As India looks to become the third largest economy in the world, artificial intelligence (AI) will play an important role in unlocking the productivity of its people and industries, and achieving its ambitions.