The ADR method are speedier, informal and cheaper modes of dispensing justice when compared to the conventional judicial procedure. ADR provides a more convenient forum to the parties who can choose the time, place and procedure for conducting the preferred dispute redressal process. Further more, if the dispute is technical in nature, parties have an opportunity to select the expert who possesses the relevant legal and technical expertise. It is interesting to note that ADR provides flexibility to even refer disputes to Non-lawyers.

Alternate Dispute resolution, particularly Arbitration has several advantages in legal system of India.

Economic growth of the country

The correct answer is Option (4) → Economic growth of the country