ALWAYS DEDICATED AND DEVOTED
As India strives to grow through liberalisation and industrialisation, firms find it difficult to purchase land; this often leads to tussles between farmers, industrialists and government. While the reasons behind this difficulty are unclear, anecdotal evidence suggests that the consequences are both visible and sizeable: Projects are delayed, relocated, or cancelled.
In this article, based on a paper , we shed light on some of the causes and consequences of firms’ difficulty in buying land. Specifically, did the land reforms that followed India’s independence, especially those related to Landscape Planings, make it more difficult to purchase land, and did these difficulties have an effect on corporate investment?