Competition Law & Practice in India
INSPIRA - Journal of Modern Management & Entrepreneurship, Vol 04 No. 01, pp.9-11
Posted: 1 Jul 2019
Date Written: January 1, 2014
Competition Law in India has a root under Article 38 and 39 of the Constitution of India. These Articles constitute part of the Directive Principles of State Policy. Articles 38 and 39 of the Constitution of India provides, inter alia, that the State shall strive to promote the welfare of the people by securing and protecting as effectively, as it may, a social order in which justice – social, economic and political. Since competition is essential for economic growth and ensures equal level playing fields to all enterprises. The system of fair competition requires legal mechanism therefore a handy work on completion laws is essential for enterprises to profess and seek remedy wherever required. In this regard this paper is an attempt to compile Competition Laws and Practices as prevalent in India.
Keywords: Competition Laws, Constitution of India, Economic Growth
JEL Classification: K21
Suggested Citation: Suggested Citation