Enhancing the Framework for International Commercial Arbitration: Through the Landscape of Institutional Arbitration

International Commercial Arbitration (ICA) in India has evolved significantly, driven by the country’s growing economic presence globally. The Arbitration and Conciliation Act, 1996, governs International commercial Arbitration in India, incorporating the UNCITRAL Model Law. India’s ratification of the New York Convention facilitates enforcement of foreign arbitral awards. The Indian judiciary has been supportive, upholding arbitration agreements and enforcing foreign awards. ICA institutions, such as the Indian Council of Arbitration, have also been established. Despite challenges, ICA in India offers a viable dispute resolution mechanism for international commercial disputes, promoting India as a hub for international arbitration. This article will track the journey of the arbitration process with reference to the International commercial arbitration and acknowledge the role of Institutional arbitration in India.