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POST COVID-19 RURAL MARKET CHANGING SCENARIO: ON PRICING AND DISTRIBUTION SYSTEM


Dr.Pawan Kumar Dubey, Dr Umesh kumar, Dr. Arivend
NOT APPLICABLE, Author 1 - K.A.P.G. College, Author 2 - K. A. P. G. College, Author 3 - N. D. College
Abstract
The Covid-19 pandemic has been causing havoc on every sector of the economy, including the food sector. The lockdown imposed since the last week of March, this year has reportedly caused massive distortion in the operation of food supply chain in a way that has put the food security of the nation at greater risks than ever. Against this backdrop, using secondary data from the Department of Consumers Affairs, Government of India, this study makes an attempt to examine the trend of average monthly wholesale and retail price movements of a few essential food items consumed predominantly by Indian households over a year to understand what could possibly emerge in the coming days and hence arrive at some possible solution. We find evidence of supply chain disruption in case of most of the food items, as their retail prices and wholesale prices show an increasing trend since the lockdown phase, while at the same time showing some signs of recovery as and when the lockdown has been made somewhat flexible. What now stands as a challenge before the policymakers is to stabilize the economy which is already performing poorly in terms of GDP growth, employment and eradicating hunger.
Keywords: Corona virus; rural market; GDP.
Journal Name :
EPRA International Journal of Research & Development (IJRD)

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Published on : 2021-11-23

Vol : 6
Issue : 11
Month : November
Year : 2021
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