There is an important partnership between the private and public sectors for long-term agricultural growth, according to NITI Aayog member Ramesh Chand. Chand stressed on the need for coming up with new ways to boost agricultural output and recognising the wide range of agricultural practices across the country.
"Private sector can play a critical role in precision farming In India. It can provide advisory services, agrochemicals, and suitable technology to support agricultural development," he said at an event in New Delhi. The NITI Aayog member highlighted the growth seen in India's agricultural industry, notably in livestock and fisheries, with an annual increase of roughly 2.75 per cent.
He elaborated on the complex interaction between agriculture and climate change. "The real challenge lies in increasing productivity. To do so, we must address concerns of cost, technological progress, and resource efficiency," he said.
Chand also highlighted small-scale farmers' dominance in India's agricultural environment and scalability difficulties.