This is true that current arbitration procedures in India are not simple and effective. In case of disputes people go abroad for arbitration.
Indian Prime Minister Mr. Narendra Modi is committed to “create a vibrant ecosystem for arbitration that can ensure faster resolution of commercial disputes.” As reported in media.
Law Minister Ravi Shankar Prasad said “After Make in India and Digital India, it is time to coin a new slogan – Resolve in India.”
Looking at the rise of Indian economy, Resolve in India seems to be a must requirement.
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