This paper is a review of the literature on agricultural commodity markets in India, in relation to the three vital roles these markets are thought to play. It outlines the strengths and limitations of each approach and shows how they contribute to our understanding of the workings of real markets. The paper also suggests a holistic view of markets, built on the basis of the insights of existing literature to enrich our knowledge of the complexity and diversity of real markets and assist realistic policymaking.
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Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.