Sunday, January 29, 2023

5G in AgTech can create 22 million farm jobs & unlock $12 trillion opportunity ⭐

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How can 5G aid the Indian farming sector through the agritech segment and create employment? With the world’s population expected to grow to 9.7 billion by 2050, the Food and Agriculture Organization (FAO) of the United Nations estimates agriculture will need to produce almost 50 per cent more food, livestock fodder, and biofuel than in 2012 to satisfy global demand. FAO projects that nearly 670 million people will still be facing hunger in 2030, 8 per cent of the world population. Around 2.3 billion people in the world dealt with moderate or severe food insecurity in 2021, and 11.7 per cent of the global population faced food insecurity at severe levels. Given this context, the options are to increase agricultural productivity or remove efficiencies in the agriculture value chain. Low technology adoption is an opportunity The adoption of digital technologies seems to be the obvious answer to these challenges, and yet the agriculture sector ranks among the lowest in terms of embracing technological advancements. To flip around the problem, it means that the scope for digitizing the agric...

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