Land Bill a mortal blow to India’s modernisation

The Land Acquisition, Rehabilitation and Resettlement Bill, 2011 (LARR) is set to become law. Clearly, Indian farmers who pay zero taxes and contribute a mere 12% of the GDP command unquestioned loyalty of the political class. All other interests and national objectives are subservient to them. Our apprehension, shared by many others like Sanjoy Chakravorty’s “On Land, No Lessons Learnt” (IE, August 30), is that LARR, if made a law, will pretty much sound the death knell of industrialisation in India.

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