CCI to be Flexible, Decisive in Digital Markets: Chairperson Ravneet Kaur

• Ravneet Kaur, CCI Chairperson, addressed the CII-CCI Conference in Mumbai, highlighting the regulator's evolving approach to digital markets, AI, and merger control.
• The CCI emphasizes stakeholder dialogue to ensure predictable and fair competition policy, adapting to India's digitalized economy where traditional parameters are no longer sufficient.
• Key changes in the Competition Amendment Act, 2023, include the 'material influence' threshold for mergers and the deal value threshold to capture strategic acquisitions.
• The Commission encourages settlement and commitment mechanisms for quicker market correction and is addressing hub-and-spoke cartels with new provisions.
• Kaur warned of potential AI-related risks like algorithmic collusion and urged businesses to conduct self-audits, clarifying that users are accountable for AI-driven decisions.

Why It Matters: CCI will adopt a flexible yet decisive approach, focusing on digital markets, AI, and refined merger control.