The Asia-Pacific Antitrust Review 2014

India: CCI

12 February 2014

Competition has become a driving force in today’s globalised world. Measures such as deregulation, liberalisation and privatisation are necessary, but not sufficient to ensure the efficient functioning of markets. Vested interest groups, large monopolistic firms and other stakeholders could distort the process of competition. These market distortions deprive markets of their ability to deliver efficient results, adversely impact growth and hurt the poor most of all through higher prices. Hence, the need for a robust competition law to protect and nurture the competitive process.