OPINIONBILATERAL INVESTMENT TREATIES AND FDI
The Shield Has Become a Wall: Why India's Model Investment Treaty Must Shorten Its Five-Year Wait
An opinion piece in the Indian Express on October 2, 2026, by Surjit S Bhalla argued that India's 2016 Model Bilateral Investment Treaty has cost the country foreign investment. The piece renews attention to the five-year local-remedies clause, the three-year compromise in the India-UAE treaty of 2024 and the stalled promise to revise the model. It comes as gross FDI touched a record $94.5 billion in 2025-26.
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