A Comprehensive Analysis of India as the Potential Arbitration Hub of the World

Abstract

Even developed countries around the world are having problems attaining the status of hubs for international arbitration. India has frequently been regarded as a country that, in terms of investments, sends conflicting signals to the international investor community. It might be difficult for investors to decide whether or not to invest in India. Every country aspires to be the home of an arbitration centre because to the many benefits it offers. This article also discusses about the evolution of arbitration in
India and also the other historical developments. Every nation wants to attract increasing amounts of investment, but before doing so, investors consider a number of factors, such as the strength of the arbitration process, the friendliness of the government and courts toward arbitration, the ease of doing business, the stability of the environment, etc. In this article we will be discussing about how India can be serve as a seat for international arbitration and also what are the major difficulties in attaining the position. In terms of skill set, legislative and legal frameworks and other attributes India has a high potential to serve as a hub for arbitration all over the world. Thus it’s still a place for India to reach the status of global hub for arbitration. Thus to conclude this article thoroughly deals and discusses about the India’s seat and need for International arbitration.