Abstract
The Indian Competition Act of 2007 is the regulatory body supervising domestic competition as is carried out by the businesses under its ambit and seeks to promote a healthy competitive environment while simultaneously encapsulating the needs of the society. In order to identify its pros and cons, effective analysis is needed to be done with regards to how competition works in other countries and what they do right to make their economy a reckoning force in the global marketspace. UK, USA and the EU as a whole are among the strongest international markets which would lead a simplistic derivation of the fact that perhaps internal competition legislations are a contributory in the same. The author, by way of this research attempts at identifying the uniqueness in the application of competition laws in these nations and at the same time intends to identify the deficiencies in the Indian Competition law by explaining the working of the current system to find out aspects that require further insight into.
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