India is one of the common law countries which have strong legal systems and established judicial systems. Indian laws have required provisions to protect the interests of the aggrieved parties in a reasonable cost. Since the modern legal systems were designed by the British in the 19th century it already has the international flavor in it. Most of the international commercial transactions are contractual and have arbitration clauses. Indian Arbitration Act 1996 which was enacted in the lines of UNICIRAL Model law on Arbitration and hence Arbitration procedure in India is not in any way different from any of the developed countries.

With regard to the time taken by judicial forums to decide the cases are little more than the developed world. But in the matters of Arbitration, matters relating to debt recovery like winding up of a Company, summary suits are concluded within a reasonable time. Since the interference of Courts in the Arbitration proceedings are very minimum arbitration route ensures early resolution of disputes.