How Effectively Are States Incorporating The Guidelines Established By The Apex Court

How Effectively Are States Incorporating The Guidelines Established By The Apex Court In Jai Prakash Vs. National Insurance Co. Ltd.?

Devyani Sharma, Institute of Law, Nirma University

ABSTRACT

The liberalization and Globalization of the Indian economy in the 1990s ensured that more competitors entered the market in almost every industry and a variety of products were made available to the customers to choose from. Various automobile companies entered India for cheap labour and started production, thereby allowing Indian customers to buy cars at a cheaper rate compared to imported ones. Later with the economic growth of Indians, they were also able to afford high-end and other luxury car brands as well. A lot of people could afford to buy and travel in cars. There was an improvement in the financial status of the people but the issue of more road accidents also increased due to different reasons. The need of the hour was to protect people and their family members, especially those who were grievously injured or had passed away in an accident, against uninsured vehicles.