Mar. 18, 2024
The Committee on Digital Competition Law in India recently released its report recommending that India too, like the European Union must have ex-ante regulations, in the context of digital competition. In its report, the Committee released the draft Digital Competition Bill, 2024. This move is aligned with global regulatory approaches to anti-trust practices in digital markets. But India’s approach remains more favorable to platforms than individual customers, speaking from a data point of view. In this post, I contour data related to anti-trust provisions applicable to digital markets of China-European Union-India, to drive home India’s industry-friendly countenance.
Stressing the importance of more active policy alternatives for the digital economy, he shared four key tasks for this year -- establishing a fair-trade order that supports the dynamic economy, establishing a stable trade foundation for small and medium-sized enterprises, creating a transaction environment that safeguards consumer interests, and establishing reasonable regulations for large business groups.
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