When the Indian Competition Act was enacted in January 2003, few people really understood what it was all about. In its early years, people asked me with genuine curiosity as to what the Competition Commission (“CCI”) would do: Conduct competitive examinations? Conduct music or sports competitions? In the command and control era of economic policy, free competition in markets was as yet a novel concept, and the idea of a law to promote this was not easy to understand.

Click to read more – The Progressive Weakening of India’s Competition Law.