India

The Competition Act, 2002 enjoys full force and effect as the most superior statutory regime in India with regard to the prohibition of market monopolies, cartels, and corporate combinations. Enacted by the executive powers of the Competition Commission of India, the Competition Act, 2002 is a robust instrument used for blocking any agreements that have the ability to cause any appreciable adverse effect on competition and imposing hefty fines on dominant firms that apply their unfair and predatory strategies for excluding rivals. Recently restructured and modernized to an extensive level, the regime has expanded its jurisdiction to digital economy mergers using an Alternate ₹2,000 Crore Deal Value Threshold, fast-tracked settlements and commitments mechanism for businesses, and behavioral sanctions pegged to 10% of global turnover of an enterprise across different products.