Phase IFoundation
Background
Overview
BITs are critical for attracting and protecting foreign direct investment (FDI), influencing India's economic growth, balance of payments, and international trade relations. Understanding their evolution and challenges is vital for analyzing India's economic policy and its position in the global economy.
Bilateral Investment Treaties (BITs) are agreements between two countries regarding the terms for private foreign direct investment by investors from one country into the other. They aim to protect foreign investments while balancing the state's right to regulate.