The Role of Competition Law in India’s Economic Ascent
The Supreme Court has cautioned that overzealous enforcement of competition law could derail India’s economic growth and its rise as a global manufacturing hub.
In a judgment on an 11-year-old appeal by the Competition Commission of India (CCI) against Schott India, the court ruled that competition law should preserve fair rivalry, not punish success.
Excessive regulation, ignoring market realities, may deter investment and innovation vital for India’s economy.
Amid global protectionism, the court stressed an “effects-based standard” to ensure regulation supports scale and efficiency, intervening only with proven competitive harm.
This balance is key to sustaining India’s appeal to investors and fostering a competitive market, aligning with the Competition Act’s dual goals of discipline and encouragement.
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