An Analysis of Financial and Technological Factors Influencing AgriTech Acceptance in Bengaluru Division, Karnataka
- Title
- An Analysis of Financial and Technological Factors Influencing AgriTech Acceptance in Bengaluru Division, Karnataka
- Creator
- Kumari S.; Vineeth M.; Girish G.P.
- Description
- In 2023, India surpassed China to become the world's most populated nation. This demographic surge has precipitated an escalating exigency for sustenance as populace burgeons unabatedly. To satiate this burgeoning demand there arises an imperative to augment yield of agriculture commensurately. It is pertinent to acknowledge that as per Global Hunger Index of 2019, India occupies disconcerting rank of 102 amongst consortium of 117 nations when gauged by severity of hunger quantified through Hunger Severity Scale with disquieting score of 30.3. Aspiration of attaining utopian objective of zero hunger by 2030 as promulgated by Sustainable Development Goals appears to be quixotic endeavor seemingly beyond realm of plausibility. In this milieu agricultural technology (AgriTech) enterprises within India present veritable opportunity to invigorate agricultural sector. Agrarian landscape of India has been undergoing profound metamorphosis owing to technological renaissance that has permeated nation facilitated by innovative solutions proffered by nascent corporate entities. State of Karnataka stands as an epicenter of sorts for AgriTech enterprises within India. In this study we meticulously scrutinize impact wielded by financial factors on adoption of AgriTech solutions by agrarian stakeholders and elucidate technological determinants that actuate embracement of AgriTech within this demographic. The study uses descriptive statistics and chi-square analyses to rigorously assess predefined objectives. Geographic ambit of this inquiry encompasses regions of Chikkaballapura and Doddaballapura Taluks situated within Bengaluru division of Karnataka in 2022. The empirical revelations distinctly illuminate that individuals vested with access to technological and financial resources exemplified by parameters such as annual household income, accessibility to commercial banking services, cooperative financial institutions, mobile telephony, internet connectivity and Global Positioning System (GPS) technology exhibit palpable predilection for integration of AgriTech solutions into their agrarian practices. The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
- Source
- Lecture Notes in Networks and Systems, Vol-1168 LNNS, pp. 207-216.
- Date
- 2024-01-01
- Publisher
- Springer Science and Business Media Deutschland GmbH
- Subject
- Agricultural innovation; Agricultural production; Agricultural technology; AgriTech; India agriculture; Karnataka
- Coverage
- Kumari S., Department of Economics, Christ (Deemed to Be University), Bangalore, India; Vineeth M., Department of Economics, Christ (Deemed to Be University), Bangalore, India; Girish G.P., Department of Finance, ICFAI Business School, Off-Campus Center, The ICFAI Foundation for Higher Education (a Deemed to-be-University under Sec 3 of UGC Act 1956), Hyderabad, India
- Rights
- Restricted Access
- Relation
- ISSN: 23673370; ISBN: 978-303173320-8
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Kumari S.; Vineeth M.; Girish G.P., “An Analysis of Financial and Technological Factors Influencing AgriTech Acceptance in Bengaluru Division, Karnataka,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/19039.