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4) It is said that to improve ease of doing business in India, there is a need to provide viable alternatives to litigation and implement effective means for enforcement of contracts. Examine in detail why and what kind of institutional arbitration mechanism is required in India.

Topic:  Dispute redressal mechanisms and institutions. 

4) It is said that to improve ease of doing business in India, there is a need to provide viable alternatives to litigation and implement effective means for enforcement of contracts. Examine in detail why and what kind of institutional arbitration mechanism is required in India. (200 Words)

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