The Political Economy of Competition Law in Asia

The Political Economy of Competition Law in Asia

Edited by Mark Williams

This detailed book describes and analyses the essential political economy features that provide the backdrop to the competition policies and competition law regimes of several of the most important Asian economies.

Chapter 10: India

Pradeep S. Mehta

Subjects: asian studies, asian law, law - academic, asian law, competition and antitrust law

Extract

The importance of competition regimes in promoting inclusive growth, good governance and economic democracy – and hence assisting poverty alleviation initiatives of government – has been appreciated and endorsed across many jurisdictions. India is one of those nations that has endorsed competition through various initiatives that have been undertaken over a number of years. However, the nature of competition prevailing in any economy is an outcome of the interplay of various forces. The level of competition prevailing in the economy is shaped by the economic policies that have been put in place, which in turn are shaped in line with the political ideologies governing the country. In addition to policies on competition, there are also various other policies whose implementation can either positively or negatively influence the level of competition prevailing in the economy. Hence, political economy issues have a key role to play in influencing competition outcomes. The nature of the competition regime prevailing in any country can best be understood after a full appreciation of its general economic governance regime.

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