Competition is the best means of ensuring that the ‘Common Man’ or ‘Aam Aadmi’ has access to the broadest range of goods and services at the most competitive prices. With increased competition, producers will have maximum incentive to innovate and specialize. This would result in reduced costs and wider choice to consumers. A fair competition in market is essential to achieve this objective. Our goal is to create and sustain fair competition in the economy that will provide a ‘level playing field’ to the producers and make the markets work for the welfare of the consumers.

The Competition Act

The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.

Competition Commission of India

The objectives of the Act are sought to be achieved through the Competition Commission of India, which has been established by the Central Government with effect from 14th October 2003. The Commission shall consists of a Chairperson and not less than two and not more than six other Members to be appointed by the Central Government.

It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.

The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.

Statement of Disposal rate of CCI as on 31.03.2024

Antitrust Matters
Antitrust cases registered	= 1274
Disposed	= 1135*
Disposal rate	=  89%
Pendency	= 134
(*) [Excludes 05 cases] ( in 02 cases order u/s 26(1) is set aside by Delhi High Court and 03 cases quashed by Bombay High Court.)

Combination Matters
Combination cases registered	=  1127
Disposed	=  1108 ( Includes 101 Green Channel matters )
Disposal rate	=  98%
Pendency	= 19