CCI Chief Calls for Development of Competition Law to Address Digital Market Challenges

CCI Chief Calls for Development of Competition Law to Address Digital Market Challenges
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The Competition Commission of India (CCI) has been keeping a close on the digital markets and has been taking action to curb anti-competitive practices.

The opacity of algorithms can be challenging in assessing its impact on competition, CCI chief Ravneet Kaur said on Monday as she emphasised the need for the competition law to evolve amid growing digital markets.

The Competition Commission of India (CCI) has been keeping a close on the digital markets and has been taking action to curb anti-competitive practices.

"Algorithms play an important role in digital markets...however, the opacity of algorithms can be challenging to assess its impact on competition," 

the CCI Chairperson said.

Mentioning platform business models, she said there are also growing concerns about such entities favouring their own services.

The regulator will also be conducting a market study on Artificial Intelligence (AI).

Kaur was addressing the 15th annual day of the CCI in the national capital.

The key focus of the study will be to understand the AI ecosystem, applications of the technology in user industries, its market size, its impact on competition in any sector as well as the regulatory and legal frameworks governing AI evolving in India and other major jurisdictions.

The study would also focus on how a competitive environment can be fostered that encourages development of AI by incumbents and entry of new innovators as well as strategies and measures that can be adopted for creating awareness and sensitising all stakeholders regarding the use of AI, its impact on competition and the necessary standard of compliance.

Source:  The Economic Times

digital markets  India 

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