We need a better land law

Land acquisition has emerged as a critical constraint in India's industrialisation, given pressures on limited land mass for multiple uses. Against this backdrop, review of the archaic Land Acquisition Act in the country could not have come at a more appropriate time. GDP forecast for the current Five-Year Plan (2012-17) has recently been lowered to 8.2%, and with grim economic forecasts for the current fiscal year, industry is on a lookout for stimulus to raise the growth momentum beyond 9%.

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