Thursday, February 26, 2015

Part-I : Why do we need a Land Acquisition Act ? - A Game theoretic perspective

Agricultural land is much more than a mere capital asset owned by farmers. It is not only a source of livelihood but also a source of financial security, lifetime memories and emotional strength. Hence any parting with farmland, whether by volition or by force is always an emotional act for the farmer. That is why many argue, even if the farmer was compensated with a land of equal size and arability, things will no longer remain the same in his life. But for a rapidly growing and urbanizing country like India, industrial growth and urban expansion is inevitable. 

The objective of this article is restricted to one controversial aspect of the land acquisition process viz. Why do we need government intervention in the land acquisition process in the first place? Why can’t we let the buyers deal with the sellers directly via market mechanisms? 

Click here to read this full article that was published in Swarajya Magazine. 

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