r It will allow the government to draw a holistic assessment of the current legal framework in order to identify the pros and cons of business regulations and prospects respecting human rights. r It could be responsive to a range of contexts like violations of human rights by Indian corporations and their subsidiaries, foreign companies, and the informal sector. r It will enable the conduct of informed discussions on how the companies in a mixed economy like India can do good business without violating labor laws and exploiting administrative loopholes. r Corporate Social Responsibilities (CSRs) like the National Voluntary Guidelines, Environmental and Economic Responsibilities of Business, the Companies Act of 2013, and the Bilateral Investment Treaty 2015 will be overseen and encouraged. r Development of projects will not be slowed down due to resistance from affected communities if the framework is allowed to properly function. r It empowers all sectors of the economy by avoiding social conflicts and equitably sharing the gains from growth. r It will create an environment conducive to private investment and growth-led development, at the same time being inclusive and sustainable. Recommendations There is a need for a fuller adoption of the UNGP on Business and Human Rights in India. While laws are in place to address human rights and their violations regarding businesses and private welfare (Smith, 2014), their practical contributions are rather underwhelming. It gives rise to the need to undertake more studies to make laws realistically effective, founded on the guiding principles as a harmonious framework. According to Surya Deva, Professor at City University of Hong Kong, the necessity of a BHR framework depends on how effective the current mechanisms are. On one hand, it is ideal for the business sector and the legal regulators to host only one framework at the national and international level. On the other hand, however, a multitude of frameworks might be necessary since no single framework could capture all issues related to human rights and its interactions ANGOC and KPA 49

Select target paragraph3

Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents