Applicability of Competition Law in Agricultural markets

Abstract

According to India's Economic Survey 2020-21, the agricultural sector still employs 48.6% of the country's population while contributing only 14.4% of GDP. Agriculture is still plagued by problems after 70 years of independence, but agricultural marketing is at the top of the list of problems. Agricultural marketing is a multi-step process that begins with the decision to produce a marketable farm item and encompasses all parts of the market structure or system. It includes pre- and post-harvest procedures such as assembling, grading, storage, transportation, and distribution, and is based on technical and economic considerations. Agriculture marketing is a crucial component in promoting & sustaining agricultural production & productivity. APMC markets should integrate into the national market to get a desirable outcome for farmers as well as consumers. This research paper test the applicability of APMC act, 2002 in the agricultural market in India. The applicability of competition legislation in the agricultural sector is examined in this study. It is preferable to gain a basic awareness of the Competition Act of 2002, as well as the role and function of the Competition Commission of India (CCI). Every individual has the chance to succeed on a level playing field.