Digital Competition Law: Industry body says innovation may take a hit in India

Last week, the ministry of corporate affairs (MCA) accepted the Parliamentary Standing Committee on Finance’s suggestion to bring a new law, called Digital Competition Law, to ensure fair and transparent competition in the country. The bill is expected to be tabled in the monsoon session of Parliament, media reports said.

Soon after the development, an industry body that partners with technology companies including Meta, Google, Amazon and Apple, among others, has said that the recommendations by the committee may dampen digital innovation in India.