Indian commodity market: growth and prospects
Journal Title: International Journal of Marketing and Technology - Year 2011, Vol 1, Issue 2
Abstract
It is to be rightly said that India is a commodity based economy since more than 70 % of the total population is engaged in primary sector directly or indirectly. Major industries of the economy like sugar, textile, metal, energy etc. are based on various commodities. So, far the financial returns are concerned, this sector has also become a good spot for booking good returns comparatively besides hedging against the inflation, since the returns in precious metals segments can be observed more than that of in equity and debt markets as are negatively correlated. After gaining the considerable popularity, the major commodity exchanges in India had started the future contracts in various commodities years back, which can serve preferably to manage the risk that can arises due to adversity of expected prices of commodities besides the price discovery tool. The future contracts dealing in major commodity exchanges are standardize in nature. This paper will explain the growth of contracts traded in various commodities in one of the major exchange besides the relationship of commodity contracts with other economic factors; moreover it will impart a comprehensive view of commodity futures as risk management tool.
Authors and Affiliations
Dr. Dharamveer and Mr. Barinder Singh
Keywords
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