Vol. 4, Issue 6 (2017)
The economics of land acquisition act: A critique
Author(s): Manisha Nayyar
Abstract: In India, Land is not just a plot but a way of living for a farmer. There are a lot of sentiments associated with a piece of land, losing the land for “economic growth” is something that cannot be easily understood a farmer. Land acquisition by private companies or the state has raised vital questions for India, where half of the workforce is dependent on the agriculture. This paper argues that while such acquisition is necessary for industrialization, which in turn is absolutely essential for the long-run development, its success depends on the compensation and rehabilitation program, which suffers from major flaws. Land acquisition has become one of the most complexed problem for policymakers in India. Names like Singur, Nandigram, Kalinganagar, Jaitapur and Bhatta Parsaul have become a topic of social conflict. The 1991 reforms have left much scope and space for urban extraction of natural resources, while at the same time there have been continuous protests and agitations by the tribals whose land have been taken away. The biggest challenge for our democracy is to find a way which balances the need of economic growth, equitable distribution and human rights.