Posts Tagged: land acquisitions

India’s economy has already crossed $2 trillion and is growing annually at around 6%. But these figures cannot hide the fact that 69% of the population is rural, and 70% of this, or nearly half of all Indians, still depend on land and land-based activities for their livelihoods, according to figures in the India Rural Development Report 2012-2013, released by Infrastructure Development Finance Corporation.

The World Bank recently acknowledged a troubling fact: While working to rid the world of poverty through projects that required moving millions of people, such as dam construction, urban renewal, and rural development, it did not sufficiently monitor their compensation and resettlement. As a result of these failures, the World Bank is unsure whether the displaced were properly reimbursed for what they lost or provided with a new home or farmland.