UGC recognized list of journal on Dated 02-5-2018: Research Journal of Humanities and Social Sciences (RJHSS) ( Sr. No. 10598 ); International Journal of Reviews and Research in Social Sciences ( Sr. No. 10605) (04-May-2018)        |

Volume No. :   9

Issue No. :  4

Year :  2018

ISSN Print :  2321-5828

ISSN Online :  0975-6795


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An Application of the Willingness to Pay Approach - A Study of water supply by Bhilai Municipal Corporation



Address:   Dr. Ritesh Kumar Agrawal1, Dr. Seema Agrawal2
1Asstt. Prof. Economics, Govt. BSD College, Kunkuri, Dist.- Jashpur (C.G.)
2Asstt. Prof. Economics, Govt Girls’ PG College, Durg (C.G.)
*Corresponding Author
DOI No: 10.5958/2321-5828.2018.00122.5

ABSTRACT:
Availability of safe drinking water is a fundamental element of the health of the people. But the urban water supply sector in India is characterized by inefficient delivery of services and inadequate coverage with piped water supply especially for urban poor. One of the reasons is that prices for water are not determined based on economic principles and based on sociopolitical considerations, which has led to inadequate and inefficient water supply. This study is aimed at finding consumer’s willingness to pay for safe and adequate water supply by the Bhilai Municipal Corporation. This will help to the urban local bodies to raise their revenue which will result in better water supply services for the society. The study will also be helpful in better management and cost recovery of water supply by Bhilai Municipal Corporation. The study will help in creating better understanding of economics of water supply by the local bodies.
KEYWORDS:
Willingness to pay, Bhilai Municipal Corporation, Water supply, Local bodies.
Cite:
Ritesh Kumar Agrawal, Seema Agrawal. An Application of the Willingness to Pay Approach - A Study of water supply by Bhilai Municipal Corporation. Res. J. Humanities and Social Sciences. 2018; 9(4): 729-736.
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