India Cannot Become $10 Trillion Economy Through Policy Alone: CJI Surya Kant
Chief Justice of India (CJI) Surya Kant has emphasized that India’s ambition to become a $10 trillion economy cannot be achieved solely through government policies or capital investment. He highlighted the importance of strong institutions, judicial efficiency, and inclusive development as key drivers of long-term economic growth.
Beyond Policy and Investment
Speaking at a recent event, the CJI noted that while economic reforms and financial resources are essential, they are not sufficient on their own. He stressed that sustainable growth requires trust in the system, transparency, and effective implementation of laws.
According to him, the role of the judiciary is crucial in ensuring a stable environment where businesses can operate confidently and citizens’ rights are protected.
Importance of Institutional Strength
CJI Surya Kant pointed out that a nation’s economic progress is closely linked to the strength of its institutions. Efficient dispute resolution, contract enforcement, and legal clarity play a major role in attracting both domestic and foreign investments.
He added that delays in the justice system can impact economic activities and investor sentiment, making judicial reforms an important aspect of growth.
Inclusive Growth is Key
The CJI also underlined the need for inclusive development, stating that economic progress should benefit all sections of society. He suggested that equal opportunities, access to justice, and social balance are necessary to sustain high growth rates.
Long-Term Vision Needed
India has set ambitious economic targets for the coming years, but experts believe that achieving them will require a combination of policy support, institutional reforms, and social development.
The remarks come at a time when India is focusing on accelerating growth and strengthening its position in the global economy.
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