Mandis or physical, primary agricultural markets are old and ubiquitous institutions of economic life in many parts of India. Wherever they form, they are usually dense sites of economic, social and political activity, connecting and shaping the relations between town and countryside, and between local markets for commodities and larger, national and global circuits of capital and commerce. According to available estimates, there are over 7500 regulated agricultural markets in India today, operating under different state level acts covering a huge variety of notified agricultural produce.
Weatherhead Center for International Affairs, Harvard University
Abstract:
In recent years, the World Bank has been at the vanguard in pressing for a circumscribed role for the State in developing countries. It therefore comes as somewhat of a surprise that the 1997 World Development Report (WDR - the World Bank's annual flagship publication), The State in a Changing World, underscores the continuing significance of the State in LDCs.
Topic:
Development, Economics, Emerging Markets, Government, International Organization, and Third World