Opening Indian legal sector to foreign players would be mutually beneficial: US ambassador Richard Verma
he was quoted as saying.
The event was hosted by the Jindal Global Law School of O.P. Jindal Global University and Indiana University Maurer School of Law’s Center on the Global Legal Profession.
Also in attendance was the Joint Secretary for the Ministry of Commerce & Industry, Mr. Sudhanshu Pandey, who stressed on the importance of providing foreign and domestic law firms, a level playing field and outlined the steps the Indian government needs to take to move forward on opening India’s legal market.
Mr. Pandey further brought home the fact that while India does house the largest number of registered lawyers in the world, their contribution to the GDP was amongst the lowest.
Professor (Dr.) C Raj Kumar, Founding Vice Chancellor, JGU also contributed to the discussion and highlighted the contribution of the legal services sector for the growth of the economy.
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