Vijay L. Kelkar, Chairman,
IDFC Asset Management Company Ltd. and
former Adviser to the Finance Minister, Government of India
Towards a Functional Competition Policy for India comes at a time when the country is poised to implement a new Competition Law, whilst there is a lack of understanding of the nature, and extent of prevalence, of different types of anti-competitive practices. The study helps in getting a better understanding of the competition and economic regulation scenario in India.
Contrary to popular perception, the study does not treat Competition Policy as just adoption and implementation of a competition law, but looks at it as a broader policy framework where competition is encouraged as a market process to generate competitive outcomes. Accordingly, the report is comprised of 22 chapters, giving comprehensive treatment to competition policy in India, covering both systemic as well as sectoral issues.
The study tracks the evolution of Competition Policy & Law in India; discusses the interface of Competition Policy with Government Policies (at the Federal as well as State level), and Consumer Welfare; and identifies competition and economic regulation issues in agriculture, manufacturing, and services.
Towards a Functional Competition Policy for India is the result of the effort put in by top experts in the country. The study will be useful to all those who are interested in economic policies, in general, and competition policy, in particular.
The report itself is being published as two separate volumes:
The first one is an Overview version, which carries all papers in a précis form, so that a busy reader can go through them easily and get a flavour of what the issues are.
The second one is a more detailed report, carrying all chapters in greater depth, and is meant for the policy community, particularly those involved in research.
Both the reports will serve as curtain raisers and as a road map for future, more in-depth work.
The detail report and overview version can be purchased from Academic Foundation, New Delhi at:
http://academicfoundation.com/n_detail/cutsl.asp (Detailed Report)
http://academicfoundation.com/n_detail/CUTS.asp (Overview Version)
Pradeep S. Mehta
Part I: Competition Law In India
Evolution Of Competition Policy And Law In India
Competition Act, 2002: The Approach
Mergers And Acquisitions In India: Implications For Competition
Cross-Border Competition Issues
Aditya Bhattacharjea and Nitya Nanda
Interface between Regulation and Competition Law
TCA Anant and S Sundar
Part II: Competition Policy And Other Government Policies
Central Government Policies:
Interface with Competition Policy Objectives
TCA Anant and Jaivir Singh
State Government Policies and Competition
Prabhat Dayal and Manish Agarwal
Part III: Competition Policy And Consumers
Competition Policy And Consumer Welfare
Pradeep S. Mehta and Rajeev Mathur
Competition Abuses at Consumer Level: Study of Select Sectors
Nitya Nanda and Bharath Jairaj
Part IV: Competition Policy In Agriculture
Agriculture Markets in India: Implications for Competition
Part V: Competition Policy In Manufacturing Sector
State of Competition in the Indian Manufacturing Industry
K V Ramaswamy
Competition Issues in the Indian Cement Industry
Pradeep S Mehta and Nitya Nanda
Competition Scenario in Indian Steel Industry
A. S. Firoz
Competition Policy for the Pharmaceuticals Sector in India
Nitya Nanda and Amirullah Khan
Part VI: Competition Policy In Infrastructure Sector
Competition Issues in Telecommunication Sector
Competition and Regulation in Energy Sector in India
Competition Issues in Transportation Sectors
Part VII: Competition Policy In Services
Competition and Regulation in Financial Services
Shubhashis Gangopadhyay and Praveen Mohanty
Competition and Professional Services
Part VIII: Competition Policy In New Economy Areas
Competition Issues in Information Technology Sector
K J Joseph
Implications of Competition Policy on Biotechnology Industry in India