The present study involves an extensive stocktaking exercise of the types of innovations that have emerged globally and in India in particular, and their increasing impact on the agricultural sector. The stocktaking exercise is based not only on peer-reviewed research from the academic fields, but also draws on recent corporate studies. This is done because we observe an accelerated innovation process in which business and startups (for instance in digital services) play an important role. The important trends and therein the lessons learnt which can be adapted to suit the local conditions in India are captured. The study also looks into the policy and institutional reforms that will catalyze the introduction and adoption of the advanced technology solutions in the context of Indian agriculture.