Business Standard

A competition law that clicks for all

Different laws for rapidly changing technology-enabled markets are neither feasible nor warranted

competition law, markets

Illustration: Binay Sinha

M S SahooC K G Nair
In November 2022, the European Union enacted the Digital Markets Act, which will become effective in May 2023, to ensure fair and open digital markets. In December 2022, the Standing Committee on Finance recommended the Digital Competition Bill to ensure a fair, transparent, and contestable digital ecosystem for India. The government constituted a committee in February 2023 to examine the need for a separate law on competition in digital markets. It is really a fast catch-up.

The proponents of a separate competition law for digital markets (SCLDM) argue that entities in digital markets enjoy increasing returns to scale, and have
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Apr 19 2023 | 10:18 PM IST

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