No doubt Land is scarcest factor among all factors
of production and without which no single production process can take-off
because you need land to set up machinery or a place to start any process...
But, there is a difference between land used for setting up infrastructure
(transport and education units) and setting up factories... There is a natural
question that beyond land, capital and labor both are scarce too and we cannot
borrow internally too much without reducing or crowding-out capital for the private
sector, that which investment is our priority or which can be delayed and
ofcourse the crowd-in effect? The use of land to improve transport and schools
and colleges are our immediate priority because without an educated workforce
(the income and demand factors) and a good transport-system it is very
difficult for the goods and services, and people to reach eachother (supply
creates demand)... and INDIA’s supply-side is very weak... The government
should bring the land-acquisition-bill only for transport and education centers
and should leave the land-acquiring for companies/factories, between the buyer
and seller and moreover fertile lands should be protected by bridges, least
possible usage... Government should only be concerned with land acquisition
which is most important. And, if the government is expecting demand then it
must be ceased as an opportunity to increase revenues. Just like oil and hike
in its duty...
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