This document provides an overview of competition law and policy in India. It outlines the objectives of the Competition Act of 2002, which are to promote economic efficiency and protect consumers from abuse of market power. The Act established the Competition Commission of India (CCI) to prevent anti-competitive practices. The CCI regulates anti-competitive agreements, abuse of dominant market positions, and mergers and acquisitions. It can impose penalties on firms that violate the Act. The Competition Act updated and replaced the older Monopolies and Restrictive Trade Practices Act to align Indian competition law with the country's post-1991 economic liberalization policies.