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As we enter the New Year, the Competition Commission of India, on December 22, 2023, published the draft Competition Commission of India (Determination of Turnover or Income) Regulations, 2023, invit...
On March 12, 2024, the Ministry of Corporate Affairs released a report prepared by the Committee on Digital Competition Law which recommended an introduction of an ex-ante legislation specifically applicable to large digital enterprises, to supplement the Competition Act, 2002 (as amended). In this regard, the report comprised a draft Digital Competition Bill, 2024, inviting public comments until April 15, 2024. While the efforts of the Committee on Digital Competition Law are laudable, India is a developing economy, which is just starting to enjoy the fruits of internet penetration in the form of a growing digital economy and a robust start-up ecosystem. Thus, any over-zealousness by India to introduce a similar ex-ante law (to maintain pace with its foreign counterparts) may be counterproductive and may even have unintended consequences. INDUSLAW's Avimukt Dar, Unnati Agrawal, Nikita Agarwal, Swapnil S and Hrishav Kumar analyse the draft Digital Competition Bill.
