Mahaseth, Harsh and Sharma, Anvita (2024) India's economic rise sparks demand for efficient dispute resolution: The evolution of institutional arbitration and the rise of India as a global arbitration hub. The Arbitration Workshop.
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Abstract
India's remarkable ascent as a key player in the global economy continues, characterized by a surge in investments both within and beyond its borders. This economic dynamism has given rise to an escalating demand within the international business community for a reliable and definitive method to address disputes related to India. Faced with a significant backlog of cases and time constraints, courts are increasingly open to exploring alternative dispute resolution methods. Data indicates that as of September 2023, a staggering 80,344 cases were pending before the top court, a figure exacerbated by inadequate infrastructure and a shortage of judges grappling with an increasing workload. With arbitration emerging as a pivotal and favoured approach for dispute resolution, both domestically and globally, it is imperative for the Government of India, in collaboration with the Judiciary, to assume a pivotal role in aligning and enhancing the efficiency of arbitration processes
Item Type: | Article in News Papers and Magazine |
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Keywords: | UNCITRAL Model Law of Arbitration | Arbitration and Conciliation Act, 1996 | International Arbitration Centre Bill |
Subjects: | Social Sciences and humanities > Social Sciences > Social Sciences (General) Social Sciences and humanities > Social Sciences > Law and Legal Studies |
JGU School/Centre: | Jindal Global Law School |
Depositing User: | Subhajit Bhattacharjee |
Date Deposited: | 22 Jan 2024 09:47 |
Last Modified: | 22 Jan 2024 09:47 |
Official URL: | https://www.thearbitrationworkshop.com/post/india-... |
URI: | https://pure.jgu.edu.in/id/eprint/7236 |
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