Gandhinagar, October 18: Putting drones on the centre of a technology-led transformation of Indian agriculture will help enhance the nation’s GDP by 1-1.5 per cent and create a minimum of 5 lakh jobs in the approaching years, the World Economic Forum mentioned in a brand new report on Tuesday.
The report, ready by WEF’s Centre for Fourth Industrial Revolution in India in collaboration with Adani Group and launched right here, outlined the potential for drone-based transformation of Indian agriculture.
It additionally outlines use circumstances for drones, fusing navy and civilian applied sciences enabled by digital adoption, analytics, digital financing and a well-coordinated native stakeholder effort and offers a framework for growth of scalable pilots that may be applied by varied governments, the WEF mentioned. India’s Hospitality Sector Reviving Steadily Post Covid-19.
“Arguably, aviation is one of the most regulated sectors globally. India’s bold and measured approach to spur unmanned aviation has been celebrated across a wide spectrum of stakeholders. “To take advantage of of this regulatory panorama, drones should be half of the core agri-equipment repertoire alongside tractors, cultivators, ploughs, diggers and mix harvesters to fortify our farms,” said Vignesh Santhanam, Project Lead, Aerospace and Drones (India) at WEF.
Citing different studies, the WEF highlighted the immense potential in improving agricultural outcomes for farms through precision agriculture expertise and advisory that can enable a 15 per cent increase in productivity in India’s USD 600 billion agriculture sector.
“Drones can play a crucial function in unlocking this worth as they supply an efficient medium to gather information and apply inputs, immediately impacting yields and farmers’ revenue. Scaling drones in agriculture sector will even enhance farm mechanization and nudge India nearer to international friends,” the WEF said.
The report of the Geneva-based WEF, which describes itself as an international organisation for public-private cooperation, also outlined how civil-military convergence can accelerate research to benefit civil society applications.
Given the nascent state of the drone sector and significant import dependence on various key components, there is a need to build a robust local support system including a ‘Made in India’ supply chain, targeted skill development programmes, next-generation digital financing mechanisms and strong awareness-building programmes among farmer groups and policymakers, it added.
The mainstreaming of drones in the agricultural sector needs to be aided with the creation of a “inexperienced microcosm” where an integrated ‘drone-centric rural hub’ is set up and stabilised across crop cycles. “The microcosm could be a managed atmosphere that may check different use circumstances pertinent to agriculture in addition to different rural purposes,” the WEF said.
Further, considering the complexity of India’s agriculture system including different agro-climatic zones, range of crop varieties, despaired use of irrigation technologies etc, drones’ integration in Indian agriculture can be achieved with form factor of drones and mission-based approach in partnership and ownership of stakeholders, it added.
India has approximately six lakh inhabited villages, all of which are said to have a reasonable level of agricultural activity. However, productivity in agriculture is determined largely by the inputs used by farmers at the time of cultivation, while several studies have indicated that the per-hectare output of a mechanised farm tends to be higher than that of a non-mechanised and irrigated farm.
The report cited a Ministry of Electronics and Information Technology (MeitY) report to highlight that digital tech-based agriculture can unlock further value of USD 65 billion by 2025 and said the gross domestic product (GDP) impact of digital agriculture will be even larger.
Besides, precision agriculture know-how and farm advisory services shared through multiple channels based on multiple existing and new data sources (soil health cards, weather data, farm/tractor-based sensors) can enable an economic opportunity of USD 25 billion through a 15 per cent increase in productivity.
Similarly, there is an opportunity for about USD 15 billion in agricultural credit and insurance to be generated through digital interventions. Further, there is an estimated potential for 40-60 per cent of the agricultural surplus to be transacted through digital marketplaces by 2025 and a 10 per cent improvement in farmers’ price realisation by selling produce through electronic channels, creating an opportunity of USD 25 billion, the WEF said. Bangladesh Ranks Highest in Gender Parity in South Asia: World Economic Forum Report.
It is expected that the drone and drone components industry will attract USD 50 billion of investment in the next few years. “If executed nicely, drones will help remodel Indian agriculture, enhance agriculture GDP by 1-1.5 per cent, create a minimum of 5,00,000 new jobs and assist the nation in ushering in a brand new digital period of prosperity,” the WEF mentioned.
The agriculture sector is significant for the Indian economy, offering livelihood for about 58 per cent of households and guaranteeing meals safety for 130 crore individuals.
In comparability with the business and providers sector, which provides a gross worth of 80 per cent whereas using 54.4 per cent of the nation’s workforce, agriculture accounts for 45.6 per cent of the workforce at 18.29 per cent of the gross worth added (GVA) as of 2019-2020.
