The Role of Competition Commission of India In Navigating The Turbulent Waters of Indian Market Dynamics

Drisya M; Digin George; T H Alok Narayanan

doi:10.36948/ijfmr.2023.v05i05.6086

The Role of Competition Commission of India In Navigating The Turbulent Waters of Indian Market Dynamics

Author(s)	Drisya M, Digin George, T H Alok Narayanan
Country	India
Abstract	Competition law encompasses a set of rules and regulations designed to protect and promote competition, with the ultimate goal of maximizing consumer welfare. Competition law has gone through several stages of development, and it is only in recent times that its significant alteration has aligned more appropriately with the contemporary economic and political landscape on a global scale. During the early stages of competition law, it was primarily formulated by developed economies. Consequently, this exerted influence on developing economies such as China and India, prompting them to adopt competition laws within their own jurisdictions. This adoption has subsequently facilitated a more favorable business environment, even in developing countries, as competition operates on an international scale and possesses a global reach. In the absence of competition rules, a nation may have a range of drawbacks, including negative impacts on consumer welfare, reduced product quality, and limited market options, among others. The Competition Commission of India serves as the regulatory body responsible for overseeing competition within the Indian market and is endowed with the authority to implement competition laws. Competition law refers to the legal framework that addresses various obstacles and distortions in the market. The entity responsible for monitoring and regulating market operations is known as the competition regulator. The commission is legally obligated by the Competition Act, 2002, to proactively mitigate anti-competitive acts, foster and maintain competition in markets, safeguard consumers' interests, and uphold the unrestricted freedom of trade exercised by other participants in the market. This research article seeks to examine and analyze the Competition Commission of India, including its powers, functions, enforcement mechanisms, the regulatory contributions made by CCI in the field of competition regulation, and the significant judgments delivered by CCI.
Keywords	Competition, Developing economy, Regulation, Consumer welfare, Market
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-09-03
Cite This	The Role of Competition Commission of India In Navigating The Turbulent Waters of Indian Market Dynamics - Drisya M, Digin George, T H Alok Narayanan - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6086
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.6086
Short DOI	https://doi.org/gsn75d

View / Download PDF File

E-ISSN 2582-2160

doi

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads

Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 6 Cover Page Vol 6 Isu 5 Cover Page Vol 6 Isu 4

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

The Role of Competition Commission of India In Navigating The Turbulent Waters of Indian Market Dynamics

Share this