EXPLORING COMPETITION POLICY AND LAW IN INDIA
Journal Title: Bharati Law Review - Year 2018, Vol 0, Issue 0
Abstract
Competition Era is the latest revolution in the world which has changed political, social economic context globally. The National Competition Policy will be a second wave of reforms to make the competition regime strong and effective. In the last two decades Indian market has changed significantly. The substantial benefits are revealed in various areas like telecom, transport, and manufacturing. This success is a structural shift in India’s development path though some residual restraints and anticompetitive traits as well as process of reform remain. The pace and direction of this development requires overarching ‘National Competition Policy’, to realize further growth, potential of the economy. Our institutions of governance and policy are newly evolving with the changing dynamics of the new India, while remaining true to the founding principles of the Constitution of India, and rooted in our Bharatiyata or wisdom of our civilization history and ethos. The need of Competition Policy has been realized due to the proven benefits of competition. To avail the benefits to all sectors a comprehensive policy is essential as the lack of awareness of competition culture, applicability of competition law can be cured through Policy. The Paper discusses the Draft Policy and analyses to suggest the National Comprehensive Competition Policy.
Authors and Affiliations
Dr. Madhushree Mandar Joshi
Keywords
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