Do we need the Digital Competition Act?

With digital markets growing exponentially around the world in the last two decades, different countries have looked at regulating them in different ways. India is no exception. The government is expecting India’s digital markets (value of goods and services through digital channels) to touch $ 1 trillion by 2025-26 and the stakeholders demand an effective regulatory mechanism that would help nurture this growth and propel overall economic growth. businessline’s Senior Deputy Editor K R Srivats spoke to Nisha Kaur Uberoi, Partner and National Head of Competition Law Practice at Trilegal, a law firm, on what could be a suitable approach for Indian policymakers to adopt on this front. She felt that the current Competition Act 2002 is “more than adequate” to take India through the challenges posed by the growing digital economy.  In this episode, the panelists discuss the Digital Competition Law and whether it is time for India to have a separate law focused on regulating Competition in digital markets like the European Union. Should India too like the EU go in for an ‘ex-ante framework’ for regulating the anti-competitive conduct of Big Tech and introduce this through a separate law?  Listen to the podcast for more. (Host: K R Srivats, Producer: Jayapriyanka J, Siddharth MC) _______________________ About the State Of The Economy podcast India’s economy has been hailed as the bright spot amid the general gloom that seems to have enveloped the rest of the world. But several of its sectors still stutter about even while others seem set to fire on all cylinders. To help you make sense of the bundle of contradictions that the country is, businessline brings you podcasts with experts ranging from finance and marketing to technology and start-ups. Tune in!