eChapter Name: Startup Ecosystem
9788119235032
eBook Name: FARMERS EMPOWERMENT AND ENTREPRENEURIAL DEVELOPMENT THROUGH FPOS AND START-UPS
by V.K.Jayaraghavendra Rao, R. Venkattakumar, C.K.Narayana, C. Vasanthi
Principal Scientist and I/c Head, Division of Social Sciences and Training, IIHR, Hessaraghatta Lake Post, Bangalore – 560 089, Karnataka
Introduction…. A few key things to know
India is predominantly an agrarian economy which employs around 43% of its workforce in the agriculture sector, but it contributes only 16 % to the GDP (FY2020) and the sector contributes to 12 % of the country’s export.
The Food and Agri startup space constitutes agritech and food tech companies, incubators, accelerators, investors, farmers and MSME, etc.
Owing to the rising interest and conducive environment for business (esp. start ups), investment activity in this space has been increasing over the years.
We are still at a nascent stage. w.r.t to investment and market penetration.