Exploring Some Nuanced Approaches in the Economic Analysis of Law

Honble Justice AK Sikri, in his address analyses the necessity of integrating economic analysisinto judicial decisionmaking for balanced and effective legal reforms in India.

It is my pleasure to deliver this keynote address on a very interesting and somewhat emerging topic. As India looks to enhance economic growth, with the target of 5 trillion economy, legislative and judicial reforms (apart from many other steps that may be required) become paramount. Here, my attempt is to limit the discussion to judicial approach in decision making. The responsibility of the judiciary is humungous as the courts play the role of balancing priorities in deciding legal issues which have economic repercussions. For this, traditional thinking has to be replaced with nuanced approaches in the field of law and economics which lead to the evolution of a jurisprudence that takes care of the legality requirements while keeping in mind the business interests.

Recommended Citation

Justice AK Sikri (2025) "Exploring Some Nuanced Approaches in the Economic Analysis of Law", GNLU Journal of Law And Economics : Volume VII 2024, Issue I
Available at: https://gnlu.ac.in/GJLE/Publications/Exploring Some Nuanced Approaches in the Economic Analysis of Law