Judicious economics

The Supreme Court is amongst India's most respected and trusted institutions. Its rulings are rarely questioned on legal merits and the only way to get around the ones that cause discomfort to the government is to amend the law. The country can take great comfort from the stature and credibility of this institution when it comes to enforcing the rule of law. However, as desirable as it is that laws should be strictly enforced, there is a flip side to this. Significant decisions by the Supreme Court often have significant economic consequences.

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