DIGITAL COMPETITION BILL, 2024: A REVIEW

AUTHORS – KARANDEEP SINGH* & DR. AJAYMEET SINGH**, LL.M. STUDENT* AND ASSOCIATE PROFESSOR AT CHANDIGARH UNIVERSITY, MOHALI

BEST CITATION – KARANDEEP SINGH & DR. AJAYMEET SINGH, DIGITAL COMPETITION BILL, 2024: A REVIEW, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 182-188, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

The ecosystem around us is no more natural, it has turned digital. The extensive use of technology and the rapid expansion of digital businesses have profoundly impacted Indian society and the economy. Digitalization has significantly transformed how consumers interact with each other and with providers of goods and services. This shift offers numerous pro-competitive benefits, such as fostering innovation and the creation of new products and services through market contestability and fair practices. The current ex-post framework under the Competition Act, 2002, feels to have become inefficient as markets are now not traditional but digital. It is therefore, The Ministry of Corporate Affairs established the Committee on Digital Competition Law to review the current regime under the Competition Act, 2002, and assess whether an ex-ante framework would solve the problem or not. The Committee has drafted this Digital Competition Bill and has engaged in consultations with key stakeholders and analyzed both domestic legal structures and international regulatory practices for digital service regulation. This research paper seeks to review the whole landscape behind the changes into the Indian Competition Law jurisprudence.  

Keywords: Digitalization, Ex-ante, Market, antitrust, Competition Act, Digital Competition Bill.