The rise of 'Big Tech' companies over the past two
decades has led to an understandable clamor to regulate them. India
is no exception, with the Government constituting the
'Committee on Digital Competition Law'
("CDCL") in 2023to examine and report on
the need for a separate law to regulate competition in digital
markets.
After more than a year's deliberations, the CDCL submitted
its report to the Indian Parliament in the second week of March
2024, along with the Digital Competition Bill, 2024
("DCB"). This draft is now out for
public consultation, until May 15, 2024. The DCB, in essence, is an
ex-ante regulatory framework that aims to prevent
anti-competitive conduct from occurring.
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