- India is reviewing stakeholder feedback on the Draft Digital Competition Bill (DCB) to address anti-competitive practices in the digital space, with consultations held from March 12 to May 15, 2024.
- The Ministry of Corporate Affairs (MCA) and Ministry of Electronics and Information Technology (MeitY) are evaluating inputs from over 100 stakeholders, aiming for a balanced legislative approach.
- Minister Harsh Malhotra stresses adopting global best practices, citing frameworks from the EU, Japan, and Australia to tailor India’s digital competition laws.
- The Digital Competition Bill aims for a fair digital marketplace, balancing regulatory enforcement with voluntary compliance to foster long-term economic growth.
- Regulatory frameworks must evolve alongside technology, addressing new challenges like algorithmic pricing and AI-driven market behaviors, noted by CCI Chairperson Ravneet Kaur.
