Current Affairs - National - Discussion
Discussion Forum : National - Latest Current Affairs (Q.No. 338)
338.
With which country has India signed a Bilateral Investment Treaty (BIT) to enhance investor confidence and foster stronger economic ties?
Answer: Option
Explanation:
India has signed a Bilateral Investment Treaty (BIT) with the United Arab Emirates (UAE) to enhance investor confidence, foster stronger economic ties, and provide a stable investment environment. This treaty reduces the arbitration period for foreign investors from five years to three years and extends protections to shares and bonds, broadening the scope of investments covered. The UAE is India's seventh-largest source of foreign investment and has pledged to invest $75 billion in India's infrastructure development sector.
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