A Critical Analysis on Challenges Posed to the Competition Law in India: Artificial Intelligence Perspective

In a democratic country like India, Law should be an instrument to regulate human behaviour, be it a social life or a business life. In order to have an efficient market system and to develop the market economy in a way sense, it is very much needed to have an adynamic competition Law Policy, to regulate the existing market in the country. With the same intention, the Indian Policy Makers have brought the Competition Act, 2002 into existence by proving its ability in providing better marketing regulations. However, in the Modern world, where technology and AI accessibility have made mankind works/tasks a bit easier and became a boon to mankind, at the same time, it also became a threat to the human scenario. In the same perspective, AI- Artificial Intelligence stretched its wings in having a better technological system. Does the Indian Competition Law and policy have the ability to tackle the challenges posed to it by the AI? It is still an unanswered question. At length, for a better understanding, this paper has been divided into 3 parts; firstly, in this paper, the author will analyze the development of competition law Policy in India. Consecutively, in the second part, we will be dealing with the scope and extent of the Competition act, 2002, and in particular to section-03 of the Act, which deals with Anti-competitive Agreements. Thirdly, this paper will analyze whether the competition Act 2002 includes any ambit to regulate the Abuse made by Artificial intelligence. At par, will be concluded by suggestions, considering the certain developments taken place.