Land Reforms and Liberalisation in India: Rhetoric and Realities

The higher transaction costs in the bi-modal agrarian structure tend to reduce efficiency due to the moral hazards of labour and high cost of supervision. The findings indicate that in the states where the land reforms reported amazing achievements, the development indicators also reciprocated it with a gentle progress. The study suggests that in a primarily agricultural country like India, blanket reforms should not be encouraged to obscure the hard-earned gratifying achievements in agriculture and weaken the knees and necks of the rural masses. Proactive measures with the participation of a vibrant civil society to ascertain uni-modal agrarian structure should be the priority to ensure alternative livelihood systems to the vulnerable sections of society and social inclusion in the end.