World Map(Please ignore the data table) Source: http://upload.wikimedia.org |
Though at first instance one may reject the importance of this resource by citing the example of nations like Japan, Switzerland, New Zealand & a few more; we are also overlooking the fact that with very less land available, these nations have very less Population to manage too. Coming to our point of discussion, following data clarifies the Land availability in both nations:
Land Area: {In Descending order of land Area}
UNITED STATES: > 3,539,225 sq mi (9,166,601 sq km)
CANADA: > 3,511,003 sq mi (9,093,507 sq km)
CHINA: > 3,600,927 sq mi (9,326,411 sq km)
INDIA: > 1,147,949 sq mi (2,973,190 sq km)
ANALYSIS OF THE WORLD MAP: We can know following important things from the World Map shown above-
- India has the smallest Land Area
- United States has the largest land area
- China & Canada are also bigger in their land areas than ours
- China's land area is 3.136 times that of India
The point here is, Scarcity of land makes abundance of all other Factors of Production minor. This is evident in the above data. Though India has been growing constantly in terms of GDP & Per-capita Income; It hasn't managed to raise its HDI rankings which are far more important than the Economic achievements. I wish to bring out the fact that India is facing, what we can call "Land Deficiency". Here is why I say so:
- Real Estate prices are constantly rising in India, many Economists fear of a Real Estate boom in remote future.
- Constant occurrence of Land-related issues(Recent ones were those of Bhatta-Parsaul & POSCO plant) show the severe strain that is being exerted by various sectors of the Economy on the precious resource of Land.
- Increasing Population is resulting in more & more Resource-share takers in the Economy.
- HDI indicators remain grim & dark.
- To make our available usable land more & more Productive;
- To strike a balance in the allocation of Land to various sectors;
- Promoting Land acquisitions for Production outside the nation by the Private sector;
- Utilizing land being kept idle & unproductive;
- Snatching away unnecessary acquisitions done by the Politicians & utilizing it for better uses
- And finally, making it compulsory for all the Politicians & Policy-makers to read Kautilya's Arthashastra!
Feel free to express your views, criticism & ideas. This is an attempt to help readers understand the Real Economic problems confronting our Indian Economy so as to spread what's happening & what can be done.
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