The chairperson of the Competition Commission of India (CCI), Ashok Kumar Gupta, has stated that because India is one of the fastest growing digital economies, market distortions will be investigated and corrected.
That is, CCI is looking into big tech companies’ market positions and how they shape and influence consumer choices.’ As a result, the Competition Amendment Bill, which will broaden the scope of inter-regulatory consultations, is being proposed. The challenges are now multifaceted, and policies and regulatory frameworks must adapt to a complex market, he said.
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The chairperson of the Competition Commission of India (CCI), Ashok Kumar Gupta, has stated that because India is one of the fastest growing digital economies, market distortions will be investigated and corrected.
That is, CCI is looking into big tech companies’ market positions and how they shape and influence consumer choices.’ As a result, the Competition Amendment Bill, which will broaden the scope of inter-regulatory consultations, is being proposed. The challenges are now multifaceted, and policies and regulatory frameworks must adapt to a complex market, he said.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
