Major Business Laws in India and Their Economic Impacts
Poulami Dasgupta
Undergraduate Student, National University of Study and Research in Law, Ranchi, India.
10.46679/9789349926141ch04
This chapter is a part of: Law and Economics in India: Market Governance, Digital Change, and Inclusive Growth from India
ISBN (Ebook): 978-93-49926-14-1
ISBN (Hardcover Print): 978-93-49926-73-8
ISBN (Softcover Print): 978-93-49926-54-7
© CSMFL Publications & its authors.
Published: April 15, 2026
Abstract
Economics studies the prevalent conditions in the market and guides the formulation production and supply policies which help to prevent the market from crashing down. Business laws, whether established through conventions, agreements, or national and international regulations, govern the interactions between individuals in commercial aspects. This research paper aims to delve into a deeper analysis of the nexus between the two. The sole aim of running a business is to make profit which is impossible without analyzing the market conditions from the eye of an economist. Economics is that field which controls the entire sustainability of a nation. Businesses are regulated by several laws which contribute to the economic output of the nation. The fourth principle of Economics says that ‘people respond to incentives’ which act as a very crucial factor while taking any decision by a businessman. The person needs to understand the wants of the people in the market, he or she needs to analyze the forces which influence a person’s decision. For doing so, knowledge of Economics is an important criterion. In this research paper we will examine various statutes and legal provisions to demonstrate how these two fields are intertwined with each other.
Keywords: Market conditions, Interconnectedness, Policy formulation, Company laws, Economic Impacts
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