Globalization is a challenge and also an opportunity in the present time. We require the convergence of economics, technology and law. India has a long history of business and technology. Its potential has been unleashed through the process of liberalization. Yet, smooth sailing requires the compass called rule of law. We have a mixed track record on this count. India has established itself as a democracy which is a success on the macro participative process of governance. Yet, there are other crucial issues of internal dimension. For instance, there is the complex task of assimilation of social classes that have been fractured for centuries in such participation. Cumulative economic progress needs to reach various layers to create a development index which is fair and equitable. Most importantly a transparent and speedy justice administration system which reinforces faith in rule of law is needed.
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