An Application of the Willingness to Pay Approach-A Study of water supply by Bhilai Municipal Corporation
Dr. Agrawal Ritesh Kumar1,*, Dr. Agrawal Seema2
1Asstt. Prof. Economics, Govt. BSD College, Kunkuri, Dist.-Jashpur (C.G.)
2Asstt. Prof. Economics, Govt Girls’ PG College, Durg (C.G.), firstname.lastname@example.org
*Corresponding Author Email: email@example.com
Online published on 30 January, 2019.
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.
Willingness to pay, Bhilai Municipal Corporation, Water supply, Local bodies.