Monday, August 24, 2020

Factors of production and land titling polices, the need for reform

I have new piece on The Commune Magazine website. It talks about the broad contours of factors of production in India and its implications on economic growth and development.

It also talks about India's yet to realize the importance of proper land titling systems reforms with emphasis on private property rights which was originally adopted in the Indian Constitution.

The concluding para is below:

"The real antidote lies not on merely better governance systems through government alone but the most effective use of technology and communication systems. The land digitization process is underway since 2008, although in a slow space. Under Constitution, the subject of land is in the State list but States are not proactive to enact a comprehensive law to make an appropriate framework to govern on land tilting systems. Hence, there is a dire need for the Union Government to bring model legislation for a comprehensive titling system that can unleash the potential of Indian economy and help us increase the pace of realizing an Atmanirbhar Bharat."


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