The Influence of Demographic Factors on Commodity Trading in India
G. Chaitanya Eswara Naidu1, MSV Prasad2, B. Sandhya Sri3
1G. Chaitanya Eswara Naidu, Research Scholar- Dept. of Finance- GITAM Institute of Management- GITAM- Visakhapatnam.
2MSV Prasad, Head – Dept. of Finance, GITAM Institute of Management – GITAM – Visakhapatnam.
3B. Sandhya Sri, Associate Professor- Mrs. AVN College, Visakhapatnam.
Manuscript received on November 12, 2019. | Revised Manuscript received on November 23, 2019. | Manuscript published on 30 November, 2019. | PP: 8053-8060 | Volume-8 Issue-4, November 2019. | Retrieval Number: D8109118419/2019©BEIESP | DOI: 10.35940/ijrte.D8109.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The India, being an agro-based economy, has markets for most of the agro-based commodities. India is the largest consumer of gold in the world, which implies a huge market for the yellow metal. India has huge spot markets for all these commodities. For instance, .Indore has a huge market for soya, Ahmedabad for castor seeds and Surendranagar for cotton, etc. Commodity futures trading in India is almost as old as that in the united states with India’s first organized futures market. Bombay Cotton Trade Association, being set up 1875. Futures market in bullion was inevitable and began to emerge in Mumbai in 1920. And there are three major electronic commodity exchanges for the commodity trading in India, they are: National Multi-Commodity Exchange Limited (NMCE), Multi Commodity Exchange of India Limited (MCX) and The National Commodity and Derivatives Exchange Limited (NCDEX). The main purpose of this study is to assess the influence of demographic variables on commodity trading. The commodity market provides trading to trade commodities of varied types.
Keywords: Association, Being Set Up 1875. Futures Market in Bullion Was Inevitable and Began To Emerge in Mumbai In 1920.
Scope of the Article: Emergent Topics.