Fighting corruption through BIT!!!!-Yes and I am not kidding. Two experts of economic policy are saying this. Read the story here. James M. Roberts and Derek Scissors are research fellows in very respectable organizations.
In their report they say that:
India is wrestling with how to deal a decisive blow against corruption. The answer is plain: Deal a decisive blow against state interference in the economy. To help, the U.S. should offer a proposal for a bilateral investment treaty (BIT) that liberalizes Indian investment. This would sharply reduce the incentives for corruption. It also might serve as political cover for future Indian governments that want to make the difficult choices needed to defeat corruption in its many forms.
Besides creating millions of jobs in US and India, India US BIT will reduce corruption in India!!