UPSC Previous Year Question | Mains GS2 | 2023
Discuss the role of the Competition Commission of India in containing the abuse of dominant position by the Multi-National Corporations in India. Refer to the recent decisions. (Answer in 150 words)
Answer
Introduction
The Competition Commission of India protects competitive markets by preventing enterprises with market power from exploiting consumers or excluding rivals.
Analysis
Role
- Under the Competition Act, CCI investigates excessive or discriminatory conditions, predatory pricing, denial of market access and tying.
- It can order investigation, impose penalties, modify conduct and review combinations that harm competition.
- Its digital-market scrutiny addresses platform self-preferencing, data advantages and unfair contractual terms.
Assessment
Cases involving technology platforms, e-commerce and search services show that global size does not exempt an MNC from Indian competition law. However, complex litigation, economic evidence, limited capacity and delayed appeals weaken deterrence. Faster investigations, market studies, strong technical expertise and consumer-focused remedies are necessary.
Keywords
governance, economic regulation, competition law, CCI
Topics: cci, competition law, economic regulation, governance