An Economic Study on Koyambedu Market at Chennai - Some Issues

Abstract

Agriculture is the backbone of the Indian economy. Nearly 70 percent of the population depends on agriculture for their daily livelihood directly or indirectly. In that, 20 per cent of the villagers now depend solely upon agricultural income for their livelihood directly. The agricultural produce sector has been one of the most important components of the Indian economy. Considerable progress has to be achieved in scaling new heights in the production of food grains, commercial crops like cotton, sugarcane, tea, fruits, vegetables and milk. The increasing trend of agricultural production has brought new challenges in terms of finding market for the marketed surplus. There is also a need to respond to the challenges and opportunities, that the global markets offer in the liberalized trade regime. The following are the specific objectives of the study. 1. To study the functioning of the agricultural marketing in general. 2. To know the different varieties of the vegetables produced and sold.