Competition law should support the independence of CCI in its effort to foster competitive and dynamic markets for growth. Critically Examine.
Approach of the Answer
- Introduction: The question pertains to the draft Competition law released by the government.
- Body: First discuss the challenges that the competition authorities faces for the efficiency of the economy. Then discuss the features and the lacunae that the draft bill faces.
- Conclusion: Way Forward
Answer
Fair competition as one of the four pillars to achieve India’s target of a $5 trillion economy. In order to attain such an ambitious goal, it is clear that the government needs to design and adopt laws and policies that deliver economic democracy and competitiveness.
- The key institutional challenges that competition ....
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