Driven by an ambitious trade policy, India has been aggressively signing bilateral trade agreements. While most of these are goods agreements, there is an increasing emphasis on deeper services trade liberalisation and investment. This article explores the two latest agreements signed with Malaysia and Japan, and raises critical issues on the chapters in investment. It also discusses the implications of including provisions relating to intellectual property rights, public procurement and competition policy in India's future agreements with the European Union and the European Free Trade Association.