INTB 2200 Lecture : Chapter 12.docx
29 Apr 2013
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Document Summary
Regulation of markets in india is today a state subject. The directorate of marketing and inspection at the central level render advice in farming market legislation and its enforcement. 1938 a model bill was prepared by the central agricultural department (now known as directorate of marketing information). On the lines of this bill several states drafted and passed their own bills. The progress of regulation was very slow due to the 122 markets were regulated till the end of the war. After independence the planning commission in its 1st and subsequent 5 years plan emphasis the vital role played by regulated markets. Due to this the number of regulated markets grew rapidly after independence. The number of the markets increased from 432 in 1950 to 3631 in 1976. A number of steps have been taken in the last 50 years to regulate markets.
