Opinion: The need for digitizing land records in India
Clear land titles will make it easier for the poor to borrow from the formal financial sector
The Peruvian economist Hernando de Soto has often pointed out that a modern market economy requires a strong system of property rights. India is a mess on this front. Land titles are presumptive rather than conclusive. The Hindi film Khosla Ka Ghosla provides brilliant insights into the damage done by dysfunctional land titles.