The profile of selected farmers, traders and processors of rice and their perception on preference and application of smart gadgets and remote monitoring of grain quality were analysed in the economic perspective. Considering the quantum of rice production and major trading centres, one representative state was selected from each region – Tamil Nadu (TN) from south, Assam (AS) from north east and Punjab (PB) from north west. While most of TN and AS had medium scale farmers (5-10 acres), PB had large scale (>10 acres) farmers. Most farmers stored their produce for less than 100 days, the traders stored up to 180 days and the processors stored for up to 10 days only, their stock being dynamic. TN traders had some of their stock stored in CAP storage alongside godown storage, while AS and PB rely more on godown storage. TN traders stored their stock at an average moisture content of 12 % while AS and PB stored at 14 %. In case of processors, TN had higher average capacity of mills than AS and PB. Economic analysis pointed out that the usage of sensors are not economically feasible for the processors, but it doesn’t affect the profitability of farmers and traders.