Emphasising that India’s transformation into a USD 10 trillion economy cannot be achieved through capital or policy alone, Chief Justice of India Surya Kant on Saturday said the quality of the legal system would be a crucial factor in achieving the goal.Speaking on ‘Legal Reform Roadmap to a USD 10 Trillion Bharat’, at the ‘Rule of Law Convention 2026’ organised by the Bar Association of India, the CJI, however, said, “I am confident that we will surely rise to the occasion.”He said, “A USD 10 trillion mark will not be built by capital or policy alone. It will be built in no small part by the quality of the legal system that upholds the rule of law and the promises on which all of that depends. Our country never lacked the legal talent to build that system. And what this convention affirms is that it does not lack the will as well.”The generation that would shape India’s commercial jurisprudence for a USD10 trillion economy will be remembered the same way as the generation that shaped its constitutional jurisprudence, he said, adding that to reach the mark, India needed to attract capital of a very different kind.”This is capital that is patient, long-term and dependent on institutional reliability; whether it is a pension fund investment in infrastructure, a technology company transferring proprietary know-how, or a global manufacturer establishing an integrated supply chain, these are not short-term bets, they are commitments that unfold over time,” the CJI said.He said the topic was not merely an aspiration for the country but a serious consideration and dealt with not a “marginal” query but one of the most important questions.Calling for an overhaul of legal architecture to meet the demands of an evolving economy, Justice Kant highlighted the need for predictability, specialisation, and a culture of good faith in commercial law to help the country achieve this goal, as it will require capital that involves commitments that unfold over time and for which investor confidence is a must.


