Competition Act, 2002
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Established the Competition Commission of India (CCI) to prevent anti-competitive practices, regulate mergers and acquisitions, and promote competition in Indian markets. Replaced the MRTP Act.
Key Facts
Type Legislation
Source Historical Record (Curated)
Published Monday, 13 January 2003
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Merchandise exports: $437 billion (2024-25)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right