Question

major in competition low in india(short note)​

Answer 1

Answer:

To create a level playing field with effective competition in the market, competition laws are introduced to regulate the manner in which businesses are conducted in India. Businesses compete on merit, and not with the aid of anti-competitive agreements and/or conduct is the underlying intent for this statute. The intent of this relatively new statute in the Indian legal system is not to make it easier for the weaker businesses to survive in the market, or require the more profitable businesses to give up their market share, even though competition laws can be used by businesses as a sword to ensure ‘level playing field’ in the market.