INTRODUCTION

Competition is widely acknowledged as a vital driver of economic growth, innovation, and consumer welfare. Recognizing its significance, jurisdictions around the world have implemented competition laws to ensure fair and open markets. In the Indian context, the Competition Act plays a crucial role in regulating and promoting competition. This law review paper delves into a comprehensive analysis of the Competition Act in India, examining its key provisions, enforcement mechanisms, and its effectiveness in fostering a competitive environment.

Furthermore, this paper aims to provide a comparative perspective by exploring the competition laws of other jurisdictions across the globe. By undertaking a comparative analysis, we can identify similarities, differences, and best practices in various legal frameworks, contributing to a better understanding of the Indian competition law regime.

The objectives of this paper are twofold. First, it seeks to shed light on the Competition Act in India, outlining its historical development, scope, and fundamental goals. By examining its key provisions related to anticompetitive agreements, abuse of dominant position, and unfair trade practices, we aim to assess the legislative framework’s efficacy in achieving its intended objectives.

Secondly, this paper aims to provide a comprehensive comparative analysis of the Indian competition law with other jurisdictions. By including jurisdictions such as the United States, European Union, Australia, Canada, Japan, Brazil, South Africa, Singapore, and the United Kingdom, we can draw valuable insights from diverse legal systems and regulatory approaches. This comparative analysis encompasses various aspects, including merger control thresholds, treatment of anti-competitive practices, leniency programs, and dispute resolution mechanisms.

Through this analysis, we aim to identify common trends, best practices, and potential areas for improvement in the Indian competition law regime. By learning from the experiences of other jurisdictions, policymakers, legal practitioners, and researchers can gain valuable insights to enhance the effectiveness of the Competition Act and foster a more competitive landscape in India.

This paper provides a comprehensive and comparative analysis of the Competition Act in India, examining its strengths, weaknesses, and areas for improvement in the context of global competition laws. By undertaking this analysis, we hope to contribute to the ongoing dialogue on competition policy and provide valuable insights for the continued development of competition law frameworks worldwide.