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23 August 2026

CJI on rule of law and economics

The concept of 'Nyaya-nomics' provides a significant conceptual framework linking judicial efficiency and the rule of law to economic growth, which is highly relevant for GS2 and GS3 analytical questions.

1 min read 2 questions 1 prelims

Notes

  • CJI Surya Kant introduced the concept of 'Nyaya-nomics', defined as the marriage between the rule of law and economic conditions.
  • The judiciary plays a foundational role in economic growth by acting as the architecture of institutions rather than mere scaffolding.
  • Key pillars provided by the justice delivery system for economic stability include trust, predictability, and stability.
  • Consistency in jurisprudence is identified as a prerequisite for an economy to flourish.
  • A reliable and efficient justice delivery system is essential for attracting international capital and investor confidence.

Questions

  1. Examine the role of the judiciary as an institutional pillar in fostering a stable economic environment in India. How does the 'rule of law' contribute to investor confidence and long-term economic growth? 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00
  2. The efficiency of the justice delivery system is often cited as a critical determinant of a nation's economic performance. Discuss how judicial consistency and the rule of law act as the architecture for sustainable economic development in the context of emerging economies. 250 words
    Attempt this — 250 words in 11 min
    0 / 250 words 11:00

Prelims

  1. The term 'Nyaya-nomics', as recently discussed in the context of the Indian judiciary, refers to: