International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Evaluating the Antitrust Regime in India and the Impact of Competition Law

Author(s) Shivanshu Katare, Preyas Haldar
Country India
Abstract India's antitrust framework, primarily governed by the Competition Act of 2002 and enforced by the Competition Commission of India (CCI), has undergone significant evolution to address the complexities of a rapidly changing market landscape. The Competition Act of 2002 was enacted to promote and sustain competition in markets, protect consumer interests, and ensure freedom of trade. Over the years, the Act has been amended to keep pace with the dynamic economic environment, with notable amendments introduced in 2007 and more recently in 2023. The Competition (Amendment) Act, 2023, introduced several significant changes aimed at strengthening competition regulation, streamlining operations, and fostering a business-friendly environment. These amendments include provisions for settlements and commitments, a framework for deal value thresholds in mergers and acquisitions, and the introduction of a leniency plus regime. This paper examines the current state of India's antitrust regime, highlighting key challenges, recent developments, and potential future directions. Through an analysis of recent cases and legislative reforms, we explore the effectiveness of the CCI in promoting fair competition and safeguarding consumer interests. Furthermore, we discuss the implications of the 2023 amendments and the need for continuous adaptation of the antitrust framework to effectively regulate and promote fair competition in the evolving market landscape.
Keywords Antitrust, Competition Act 2002, Competition Commission of India, Competition (Amendment) Act 2023, digital markets, e-commerce, consumer protection, market regulation, India.
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-01
Cite This Evaluating the Antitrust Regime in India and the Impact of Competition Law - Shivanshu Katare, Preyas Haldar - IJFMR Volume 7, Issue 1, January-February 2025.
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E-ISSN 2582-2160
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