Price Formation Process in the Indian Economy

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Price formation process in the Indian economy examines and analyses the strategies followed by the six agro-linked industries in India, in the determination of prices. These industries are Fertilizers (Inorganic and Mixed), Agricultural Tools and Implements, Pumpsets, Tractors and Harvesters and Earth Moving Machinery. Production functions, cost functions and price functions of these industries are determined using the rich cross-section and time-series data base of the study. The work is an econometric study based on a number of price models developed within the context of Oligopolistic Market Structure. Work of this nature assumes special significance during the current era of liberalisation and global integration. In the coming years work of this nature can have tremendous implications for policy formulations for some of the crucial sectors of our economy. The book will be of immense help for all those students who are interested in the functioning of the Indian economy.

ABOUT THE AUTHOR Keya Sengupta

Keva Sengupta (b. 1957) is the Head of the Department of Economics of Assam University, Silchar. She is engaged in teaching and is in active research for over twenty years and she has published many research papers in national and international journals. She specializes in Price Theory, Social Sector and the North-East Economy, and is currently engaged in major research Projects of UGC and the ICSSR, New Delhi. She is also a life member of at least six professional bodies . Her book entitled Price Formation Process in the Indian Economy has recently been published by Mittal Publications, New Delhi.