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Pradeep S Mehta: Competitive neutrality in public policy

A number of competition distortions or impediments arise owing to our policy framework in different areas of economic governance

The Government of India has launched discussions on a draft national competition policy. Such a policy is needed to promote healthy competition in the Indian economy, so that growth is assured, inflation is controlled and more jobs are created. As it is, a number of competition distortions or impediments arise owing to our policy framework in different areas of economic governance. As part of work on a competition policy, the government has undertaken an exercise to unravel the huge range of competition distortions, which may be over 3,000 if we consider the number of policies, laws, ...