Law and the Economy in a Young DemocracyAn essential history of India's economic growth since 1947, including the legal reforms that have shaped the country in the shadow of colonial rule. Economists have long lamented how the inefficiency of India's legal system undermines the countrys economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under resourced, making adjudication and contract enforcement slow and costly.