Journal of Law, Policy and Globalization www.
iiste.
org
ISSN 2224-3240 (Paper) ISSN 2224-3259 (Online)
Vol 1, 2011
15 | P a g e
www.
iiste.
org
Emergence and Applicability of Competition Act, 2002 in
India’s New Competitive Regime: An Overview
Sarbapriya...
More
Journal of Law, Policy and Globalization www.
iiste.
org
ISSN 2224-3240 (Paper) ISSN 2224-3259 (Online)
Vol 1, 2011
15 | P a g e
www.
iiste.
org
Emergence and Applicability of Competition Act, 2002 in
India’s New Competitive Regime: An Overview
Sarbapriya Ray
Dept.
of commerce, Shyampur Siddheswari
Mahavidyalaya, Calcutta University, West Bengal , India.
Email: sarbapriyaray@yahoo.
com
Ishita Aditya Ray
Dept.
of Political Science, Bejoy Narayan
Mahavidyalaya, Burdwan University, West Bengal , India.
Abstract:
In the quest of globalization, India has countered positively by opening up its economy, removing controls
and resorting to liberalization.
Thus, to achieve the objective of maximum economic efficiency, the liberal
trade policy must be complimented through a sound competition policy by preventing anti-competitive
business practices and unnecessary government intervention.
The Competition Act, 2002 as amended by
the Competition (Amendment) Act, 2007, removing the former MRTP
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