Journal of International Commercial Law and Technology
2025, Volume:6, Issue:1 : 1081-1090
Original Article
Comparative Evaluation of India as A Centre of International Commercial Arbitration in The Age of Technological Advancement and AI
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1
Research Scholar, ICFAI Law School, The ICFAI University, Dehradun
2
Associate Professor, ICFAI Law School, The ICFAI University, Dehradun
3
Assistant Professor, ICFAI Law School, The ICFAI University, Dehradun
Abstract

In the current era of artificial intelligence and economy, no business body is willing to get stuck in time consuming traditional dispute resolution process of litigation. Although disputes occur during the commercial transactions between the bodies but they are always tended to resolve their disputes through amicable settlement using modern techniques of Artificial Intelligence. International Commercial Arbitration provides dispute settlement environment to all the involved parties in a very business friendly manner. In that arena, few destinations specifically in South East Asia like Hongkong and Singapore have marked their name in the list of effective centres of International Commercial Arbitration (ICA) at global level. Arbitral Institutions of these countries are using AI techniques very efficiently to conduct the Arbitration. It is notable thing that India has become the forth-largest economy in the world. Moreover, India aims to achieve a $5 trillion economy by 2026–27, potentially becoming the third-largest economy globally. Consequently, Cross- Border Commercial disputes involving India as a party are also growing rapidly. This has attracted attention of the world community on India’s capabilities in the area of International Arbitration specifically in the time of Artificial Intelligence.  Now It is the time of Bharat to ensure its name among the leading counterparts specifically in the south eastern and south western part of the globe by adopting most effective, efficient and techno friendly ecosystem of Arbitration. In India so far, Arbitration particularly International containing commerciality is yet to be succeeded like its counterparts in Singapore, Hongkong and some other developed countries of the globe. The efficacy of India's long-standing arbitral institutions is arguably the most significant of the numerous factors that have led to this state of things. But in last few years India has taken various reformative steps to emerge as a hub of International Commercial Arbitration. The results of India’s efforts will be visible soon that may place India parallel to its counterparts in South east Asia

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