The Indian Competition Act: An Overview and Preliminary Analysis

Abstract

The newly enacted (2002), and partially implemented Competition Act of India marks a shift in the Indian economic policy from prevention of monopoly to promotion of competition in its domestic markets as part of the new era of economic liberalization. The Act contains various provisions for promotion and enforcement of competitive behaviour in the domestic markets and prescribes various criteria for the determination of anti-competitive behaviour. This paper analyzes the various provisions of the Indian Competition Act, amendments to the Act and the author hopes to add to the work by updating and dealing with various issues relating to competition in Indian markets in future.

Keywords: Competition Act India, Competition Law India

JEL Classification: K10, K20, K21, L40, P21