The Indian Competition Act, 2002 addresses all the three primary areas that modern competition laws engage with: cartels, abuse of dominance and merger control. With almost half a decade of coming into force, it has had a remarkable impact on Indian business and markets. Despite the nascent stage of the law, the journey so far has been rather interesting. For instance, there have been some serious interventions by the competition authority in key sectors of the Indian economy. While it is still early to predict effectiveness of the law, it is clear that the competition authority has strong enforcement powers in line with mature competition law jurisdictions across the world. This paper sets out a brief overview of the legislative scheme and the enforcement trends so far of Indian competition law.
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