India formally took over G20’s presidency on December 1, 2022. Constituted in 1999 in the wake of the 1997 global financial crisis, today this influential grouping has a wide set of issues on its agenda that range from financial stability, Sustainable Development Goals (SDGs), and health crisis to food security. This New Year issue of ICRIER’s Agriculture Policy, Sustainability and Innovation (APSI) Quarterly Publication, Agri-Food Trends and Analytics Bulletin (AF-TAB) on “Building Back Better To ether” is quite timely when the world is confronted G20 with armed conflicts, economic slow-down, continuing pandemic, rising food, fuel and fertilizer prices, shrinking carbon budgets, climate crisis and delay in achieving SDGs.
Transitioning to precision farming by using nano fertilizers and reducing the environmental cost, however, will require an overhaul of the entire agriculture practices. India's mitigation and adaptation measures must include developing and implementing policies that make Indian agriculture climate resilient. Given the current level of research, it may be possible to co-dose conventional and nano fertilizers to boost yield while reducing the overall cost of fertilizer application. Furthermore, high dosage results in a significant cost difference between conventional and nano fertilizers because the overall cost of fertilizers has a linear connection with the dosage for both conventional and nano fertilizers. Therefore, estimating the revenue shift following the use of nano fertilizers is crucial.