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Mini Chapters | Law | India | Volume 13 Issue 1, January 2024 | Popularity: 5.5 / 10

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Competition Commission of India: A Young Regulator with New Challenges

Yatish Pachauri

Abstract: The Competition Commission of India (CCI) has emerged as a dynamic and youthful regulator, entrusted with the critical task of ensuring fair competition in the rapidly evolving Indian market. Established in 2003, the CCI has swiftly become a pivotal player in shaping economic policies and fostering a competitive business environment. With a mandate to prevent anti-competitive practices, the CCI operates in a diverse and complex landscape, addressing challenges posed by global market dynamics, technological disruptions, and emerging business models. As a young regulator, the CCI faces the formidable task of striking a balance between promoting healthy competition and fostering economic growth. It is tasked with enforcing the Competition Act of 2002, addressing issues of cartelization, abuse of dominant positions, and promoting a competitive culture. The digital economy presents a new frontier for the CCI, requiring innovative approaches to tackle issues related to data dominance, platform competition, and technological mergers. The commission must navigate these challenges with agility, leveraging its regulatory powers to ensure a level playing field for businesses of all sizes. Furthermore, the CCI plays a crucial role in nurturing a pro-competition mindset among businesses and consumers alike. Through advocacy, awareness, and rigorous enforcement, the commission aims to create an environment where market forces drive efficiency, innovation, and consumer welfare. In this dynamic regulatory landscape, the CCI stands as a symbol of India's commitment to fostering a competitive marketplace, addressing new challenges with vigor and adaptability. As it continues to evolve, the CCI's role in shaping India's economic future remains central, making it a key player in the country's regulatory framework.

Keywords: Competition Commission of India, competition law, emerging sectors, globalization, regulatory challenges

Edition: Volume 13 Issue 1, January 2024

Pages: 387 - 390

DOI: https://www.doi.org/10.21275/SR24104134909

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