Cartel Regulations in India: An Analysis of Enforcement Mechanisms
Cartel means the business enterprises secretly agree to fix the price, production of the goods. These cartel activities harm the consumers, and disadvantage economic growth. In India, the cartel regulation is governed under the legislation which is Competition Act 2002, prohibiting the anti-competitive agreement. It deals with the legal provision relating to the cartel focusing on the identification, investigation, and punishment of the cartel. It includes the role of Competition Commission of India in enforcing the cartelisation along with the important case laws in relation to the cartel. It is focusing on the history of cartel regulation in India and the global aspects on cartel regulation. In India, cartel regulation faces challenges like proving collusion among companies, as evidence can be difficult to obtain. The consequences for cartel activities may not be strong enough to deter such behavior.
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