‘Slow dispute resolution is costing up to 2% of GDP’

India’s slow dispute resolution system impacts its GDP by 1.5-2%, deterring investment due to weak contract enforcement and procedural delays. While alternative methods like arbitration exist, they face challenges. Experts call for improved efficiency and predictability to enhance investor confidence. “There is a study that it has cost us 1.5 to 2% of GDP. That’s how significant the failure… the failure to be able to enforce contract swiftly, efficiently, and in a predictable manner,” said Amar Gupta, joint managing partner at JSA. Read more