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Inside JGU 2021 - Issue 4 (April)

JGU organises National Virtual Conference on ‘Economic Dimensions in Judicial Decisions’ in collaboration with CUTS International.

JGU, in collaboration with CUTS International, organised the National Virtual Conference on ‘Economic Dimensions in Judicial Decisions’ during 27-28 April.

The two-day Conference included 8 Thematic Sessions and 2 Plenary Sessions that featured 4 Keynote Addresses, a Book Discussion and a special Judges Colloquium.

The conference brought together over 45 thought leaders including judges, legal practitioners, experts from the government and regulatory bodies, representatives from the private sector, academicians and scholars, representatives from media and the civil society, including consumer protection groups, environmental advocacy groups and trade unions.

The thematic sessions were on relevant topics such as: ‘Economic Analysis of Public, Infrastructure, Trade, and Constitutional Law’; ‘Law and Economics Approach to Corporate Laws and Corporate Debt Restructuring in India’; ‘Law & Economics Approach to Competition Policy, Digital Economy and New Technologies’; ‘An Economic Analysis of Industrial Innovation and Intellectual Property Law’; ‘Economic Analysis in Public Health and Environment Domains’; ‘Teaching economics to law students, and law to economics students in India’.

On the occasion, Hon’ble Justice B.N. Srikrishna, Former Judge, Supreme Court of India said, “I consider that economic activity needs to be governed and balanced with human rights and human lives itself. In this aspect judges play a very critical role. The Supreme Court or any court for that matter, before it takes a jump into the sea must gauge the depth of the water. If it doesn’t, then there is going to be infinite chaos and that is going to affect people who are not intended to be affected by it.”

Summarising the importance of economic dimensions of judicial decisions, Hon’ble Justice Swatanter Kumar, Former Judge, Supreme Court of India, “The judges need to acquire greater expertise or assistance from an expert body to apply more effectively, economic factors into their judgements for the purposes of bringing economic prosperity. The role of courts is very important in the economic growth of a country.”

A special panel was included to discuss the upcoming book ‘Supreme Court and the Indian Economy’ by Mr. Pradeep Mehta, Secretary General, CUTS International. Sharing some deeper insights in context of the theme of the conference, Mr. Mehta said, “If the judiciary would like to see it evolve as a very sensible institution where to get its own actions analysed and publically debated, there is no harm in that. There are various ways to institutionalise, you have the law commission for example who could look into this or maybe the Supreme Court itself could set up a body which could do this on its own.”