Implementation of some norms may perpetuate existing market dominance: CEA ...Middle East

Chief Economic Advisor V Anantha Nageswaran on Friday said that implementation of certain regulations by regulators could perpetuate existing market dominance as he cited the data and privacy norms in the technology space. Delivering the keynote address at a conference organised by the Competition Commission of India (CCI), he emphasised that while competition drives innovation, there is also a distinction between competition and free markets. He pointed out that competition agencies must be mindful of the unintended consequences of their actions. "In the technology space, regulators implement data and privacy norms that guarantee users complete access to their data. In such situations, user

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