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Elements of a National Agricultural Market in India

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Book cover Financing Agriculture Value Chains in India

Part of the book series: India Studies in Business and Economics ((ISBE))

Abstract

This paper addresses several research questions relating to the National Agricultural Market. How far do indicators suggest a basis for NAM? Does the current state of market exhibit lack of effective integration and in which commodities? What are the elements of the NAM on the back end? To what extent are the attributes of the existing marketing infrastructure such as backend support suited for the NAM? What changes in the back end (infrastructure and institutions) would be needed to make NAM effective? The existing lack of spatial integration makes a case for an institution like NAM. The analysis shows that barring some low-value cereals, markets for most commodities lack integration. However, subsequent analysis shows that the preparedness for a platform like NAM is quite low on the back end. The back end would require serious large-scale investment for the functioning of NAM comprising warehousing, cold storages, refrigerated vans, laboratories, grading facilities and certification mechanisms, among others. The existing marketing structure under APMC can be incorporated into NAM but significant modifications will be required. For effectiveness and sustainability of NAM, the government has to provide several public goods in the back end such as roads, banking and communication facilities, etc.

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Authors and Affiliations

  1. International Food Policy Research Institute (IFPRI), NASC Complex, New Delhi, 110 012, India

    Devesh Roy & P. K. Joshi

  2. Iowa State University, Ames, Iowa, USA

    Raj Chandra

Authors
  1. Devesh Roy
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  2. P. K. Joshi
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  3. Raj Chandra
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Correspondence to Devesh Roy .

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Editors and Affiliations

  1. National Bank for Agriculture and Rural Development (NABARD), Itanagar, India

    Gyanendra Mani

  2. South Asia Office, International Food Policy Research Institute (IFPRI), New Delhi, India

    P.K. Joshi

  3. Department of Economic Analysis and Research, National Bank for Agriculture and Rural Development (NABARD), Mumbai, India

    M.V. Ashok

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Roy, D., Joshi, P.K., Chandra, R. (2017). Elements of a National Agricultural Market in India. In: Mani, G., Joshi, P., Ashok, M. (eds) Financing Agriculture Value Chains in India. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-5957-5_12

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  • DOI: https://doi.org/10.1007/978-981-10-5957-5_12

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