Interim Budget 2024-25: A turning point for investment treaties

This judgment opened the floodgates, and various similar claims were raised against the government asserting the investor's rights under other BITs

A pragmatic realisation that the aspiration of growth for the current generation of the country must be matched with adequate financial resources, coupled with opening the doors to developed countries to participate in India’s growth story, seems to be the underlying rationale for the Finance Minister (FM) to officially set out the stance of the Government of India.  The FM stated that the government would be “encouraging sustained foreign investment” and, to this end, would be “negotiating bilateral investment treaties”. More critical was the assertion that such treaties would be entered into with the reclaimed bargaining power that India commands,