ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Judhajit ChakrabortySubscribe to Judhajit Chakraborty

Land as Collateral in India

Although land is regarded as an ideal collateral for both borrowers and lenders, it is not used as one in developing countries like India for a variety of reasons. This use of land as collateral for borrowings by Indian households is mapped using data from the All India Debt and Investment Survey of 2012–13. The extent and patterns of the use of land as collateral are documented, supplemented with insights from a field survey in select talukas of Maharashtra that examine borrower perceptions of such use.

An Unequal Process of Urbanisation

Urbanisation in India has reportedly accelerated over the last decade, with a sharp rise in the number of towns and peri-urban areas. Cities, on the other hand, are believed to have become “exclusionary,” with in-migration remaining stagnant. This study uses primary census data since 1991 to question the hypothesis of exclusionary cities and argues that the larger towns and cities have grown uninterrupted, whereas smaller- and medium-sized towns have been slow to graduate to higher size classes.
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