CJI advocates ‘Nyaya-nomics’ to drive growth
Courts must ensure trust, predictability and stability in the justice delivery system in order to spur economic growth, CJI Surya Kant said, addressing the BRICS+ Legal Forum
Chief Justice of India Surya Kant emphasized the importance of courts bridging the gap between the rule of law and economics, referring to this as “Nyaya-nomics.” Kant argued that the judiciary must foster trust, predictability, and stability within the justice system to drive economic growth. Speaking at the 11th BRICS+ Legal Forum, Kant stressed that institutions like the justice system are the foundation of growth, not merely supportive scaffolding.
He stated that a consistent interpretation of the law enhances economic conditions, as it lowers transaction costs and levels the playing field for market forces. According to Kant, a court that adheres to its commitments becomes a country trusted with capital.
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