ABSTRACT
All the post-Second World War decolonized economies are chasing the industrialized world for ‘development’. Most of the post-Second World War decolonized countries accepted industrialization as an inescapable route for development shown by the British Industrial Revolution. In India, while the absolute number of population working on land increased, the percentage of population remained more or less unchanged during the post-independence sixty years. Land acquisition actually implies acquisition of a physical area that covers cultivable soil area, plus plantations, water bodies, residential buildings, animal sheds and many other assets that ‘land by area and volume’ carry. The Act 2013 pledged to make the process of land acquisition transparent through a Notification in the Official Gazette and two daily newspapers circulating in that locality. Land carries a dual meaning by uses by the people. Land essentially has a precautionary value as opposed to immediate exchange value to its holders.
