Soya Meal declared as essential commodity under Essential Commodities Act, 1955

Do you think the Essential Commodities Act of India is against the spirit of free market and leads to multiple distortions? Critically Examine. (150 Words)

Approach:

• Introduce by giving the mandate of the Essential Commodities Act.
• Enumerate how the act is against spirit of free market
• Enumerate the need of the act
• Way forward and Conclusion