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.
Comments former CCI member Geeta Gouri: “There are many industries and so we cannot have blanket norms.” For instance, in the online space that companies like Facebook and Twitter occupy, market dominance can be very transient — even if they have overwhelming market share. Ergo, to ensure markets function well, the CCI uses doctrinal tests for ascertaining abuse — as opposed to blanket rules…
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.