For years, lawyers at foreign firms have sought for opportunities to tap into the multibillion-dollar Indian market. They understand the impact that open markets will have for this growing democracy. Set to be the world’s third largest economy by 2035, India’s artificial barriers to the influx of legal professionals, and consequently international business, continues to be criticized by both foreign and domestic corporate interests as a major hindrance to India’s economic development. A new High Court decision further constrains the influx of international capital.
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