Digital Competition Law

Introduction

The Competition Act, 2002 (hereinafter referred to as the "Act") was enacted to prevent practices having an adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers, and to ensure freedom of trade carries on by other participants in markets in India. The Act basically governs the traditional Indian markets with digital market competition being outside its purview, so far. However, with changing scenarios and the evolution of Digital Markets in India, the Indian Government has felt the need to regulate the market ruled by Big Tech Firms.

India is, thus, ready to follow the European Union for enacting the Digital Markets Act which introduces a variety of prohibitions and obligations on "Big-tech" in order to address concerns about contestability and fairness in the digital economy. New age development in digital markets necessitates the need to regulate competition and prevent anti-competitive