Union Budget 2024: Expectations from agriculture sector

India’s growing population along with a constant rise in income levels is leading to a constant increase in demand for agricultural products and increasing burden on existing agricultural resources. The prevailing scenario indicates a need to improve productivity along with reducing costs and improving quality to make the most efficient use of the available resources. The growing adoption of cutting-edge agricultural techniques as well as incorporation of artificial intelligence (AI), geographic information systems (GIS), drones, and remote sensing-based technologies in agriculture is a step in the right direction.
Current challenges faced by the sector
Although the agriculture sector has transformed significantly over the last few decades, challenges like fragmented landholdings, low productivity, limited mechanization, minimal value addition opportunities and insufficient credit availability prevent farmers from realizing higher prices. Another major problem is inefficient extension mechanisms, which makes it difficult for advanced agricultural practices to reach each and every farmer. Due to this farmers still use basic, traditional methods for cultivation.
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