Nisha Kaur Uberoi, Cyril Shroff, Sep 11, 2014
Over the last few decades, an increasing number of countries have taken legislative measures coupled with effective enforcement initiatives to foster competition. In India, the enactment of The Competition Act, 2002, the principal legislation governing competition law in India, along with the establishment of the Competition Commission of India as its chief enforcement authority was one of the biggest transformations witnessed by the Indian regulatory space in the recent times. In this article we note how competition law and enforcement has evolved and brought India a step closer to unification with mature antitrust jurisdictions. We also argue that it is imperative that India continue to take lessons from global experiences in competition law enforcement to improve its effectiveness.
