India to Revise Bilateral Investment Treaty Framework

India is moving to revise its bilateral investment treaty (BIT) framework, signalling a shift towards greater democratic accountability in investment agreements. The reset will involve broader consultation with stakeholders and parliamentary oversight, departing from past practices that faced criticism for lacking transparency.

The revision aims to balance investor protections with India's regulatory autonomy, particularly in areas like environmental policy and labour standards. Officials emphasize the need for stronger democratic controls over investment dispute mechanisms that have previously resulted in substantial payouts to foreign investors.