five years of the competition commission

the competition commission is one of the more interesting institutions to come up in india. it has a complex remit — to ensure fairplay in diverse markets. in a story out today, i take a look at its performance so far.

as can be expected, this aspect of the CCI’s functioning brings in a lot of criticism. lawyers find its non-codified approach befuddling, for instance. in this story, i argue that such an approach is desirable. and that the criticism for the CCI should lie elsewhere — in its lack of proactive action to take on the monopolies budding in sector after sector.