Regulation of Markets in India Retrospect and Prospect

Abstract

Orderly marketing acts as an excellent incentive for increased agricultural production and its importance in the planned economy of a country needs no emphasis. It is common knowledge that in our country the standard of agricultural markets where the produce changes hands for the first time from the producer to the tradesman and the farmer converts his crops into cash, is extremely poor. These markets barring those now regulated are generally ill- equipped to fullfil the functions which are theirs, in the country's economy. The Royal Commission on Agriculture (1928). commented at length on the defects. prevailing in agricultural marketing and recommended that "these can only be removed by the establishment of properly regulated markets". The findings of the Royal Commission were fully borne out by the surveys on the marketing of several agricultural commodities conducted by the Directorate of Marketing and Inspection. Among several measures recommended by the Planning Commission for improving the efficiency of the market- ing system and for promoting orderly marketing of agricultural produce, regulation of markets and market practices has been recom mended as a first step.

DOI

https://doi.org/10.29321/MAJ.10.A04256

Pages

28 - 31

Creative Commons

Copyright

© The Author(s), 2025. Published by Madras Agricultural Students' Union in Madras Agricultural Journal (MAJ). This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium, provided the original work is properly cited by the user.

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