Unchecked dominance in digital markets a concern, says CCI chairman

Digital markets are epicentres of technological innovation but lately they have become zones of “entrenched and unchecked dominance”, Competition Commission of India (CCI) Chairman Ashok Kumar Gupta said on Thursday.

He also said application of competition law to such disruptive technologies becomes challenging.

Earlier, it was widely contended that market power in technology markets is rare and fleeting. However, it has now been noted that market dominance in these markets is not fragile but durable, he said.

Gupta was speaking at an event organised by the Centre for the Digital Future.

He highlighted that India has an active startup ecosystem with a large market and that the last quarter saw USD 6.3 billion funding in technology startups.