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ARTICLE · 02 MAY 2025

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Overview Of Competition Law In India

Lex Favios
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The Competition Act, 2002 ("Act") was introduced to transform the landscape of competition law in India.

IndiaAntitrust/Competition Law
Rupul Jhanjee
Rupul Jhanjee
Pooja Singh
Pooja Singh

Grounds for Competition Laws:

The Competition Act, 2002 ("Act") was introduced to transform the landscape of competition law in India. In generality, competition laws are premised upon the principle that while competition is desirable in a free market, economic concentration in hands of few shall be frowned upon1 and therefore stringent laws to control the anti-competitive practices in the market is highly desired.

The Act replaced the ineffective regime falling under the Monopolies and restrictive trade Practices Act 1969 ("MRTP Act"). The MRTP Act primarily focused on curbing monopolies in the market, however with the advancement of competition practices in India, the focus has now been shifted from curbing monopolies to promoting healthy competition.

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