Law & Economy

At the intersection of jurisprudence and economics lies the focus area of Law & Economy, a pillar of NEF’s work in advancing evidence-based public policy. Such focus is particularly germane in contemporary times as India’s economic growth story is inextricably tied to the evolution of its legal and regulatory architecture. As the nation aspires to become a $10 trillion economy by the end of this decade or early on in the next decade, the interplay between law, markets and governance assumes unprecedented significance.

The Law & Economy vertical at NEF examines how legal frameworks shape economic incentives, influence business behaviour and determine the efficiency of markets. From analysing the impact of fiscal legislation, insolvency codes and competition laws to studying contract enforcement, property rights and ease of doing business, this focus area bridges the divide between courtroom doctrines and boardroom realities. It also explores the dynamic interface between constitutional principles and economic policymaking, ensuring that development remains inclusive, equitable and legally sound.

Through rigorous research, policy briefs and stakeholder consultations, the Law & Economy focus area seeks to inform debates on reforms in taxation, corporate governance, digital regulation and public finance. It also monitors landmark judicial pronouncements and their broader economic implications.

In a rapidly transforming India, where legal certainty underpins investor confidence and regulatory coherence determines competitiveness, the Law & Economy vertical serves as a crucial bridge between the legal apparatus and economic aspirations. By promoting transparency, predictability and justice within the policy ecosystem, NEF’s work in this domain reinforces the foundational belief that sound laws are the scaffolding of a robust economy.