AN OVERVIEW OF THE JOURNEY OF COMPETITION LAWS IN INDIA: AN APPRAISAL OF WHAT IS AND WHAT IS OUGHT TO BE

The evolution of competition law in India is a fascinating narrative of the country’s socio-economic transformation, highlighting the interplay between market regulation, economic ideologies, and the pursuit of equitable growth. From its inception in colonial times to its present-day avatar, India’s competition law framework reflects the nation’s transition from a closed, controlled economy to a liberalized, globalized marketplace. Each stage of this journey has been shaped by unique historical, political, and economic imperatives, underscoring the need for a regulatory framework that promotes fair competition while balancing consumer welfare and market dynamism.