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Subject
India's policies on domestic and international arbitration.
Significance
The proposed Indian Arbitration Council Act seeks to institutionalise domestic arbitration procedures and make the country a centre for international arbitration practice. Delhi is seeking to protect its state agencies from future accountability before international arbitration courts.
Impacts
Accusations of partiality against India’s judiciary are likely to increase.
Prime Minister Narendra Modi will appeal to foreign investors despite the legal risks they face in India.
India’s reputation for ease of doing business is likely to improve only gradually.
Keywords:
India,
AP,
economy,
politics,
foreign investment,
investment,
judicial,
private sector,
public sector,
treaty
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2018
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