#Business

Algorithms’ Opacity Challenging for Competition Assessment, Says CCI Chief

The opacity of algorithms poses significant challenges in evaluating their impact on competition, stated Ravneet Kaur, Chairperson of the Competition Commission of India (CCI), on Monday. She underscored the necessity for the competition law to evolve in response to the burgeoning digital markets.

“The Competition Commission of India (CCI) has been vigilantly monitoring digital markets and actively addressing anti-competitive practices,” Kaur emphasized. She highlighted the crucial role algorithms play in digital markets but pointed out that their inherent opacity complicates the assessment of their competitive impacts.

Kaur’s remarks come at a time when digital markets are rapidly expanding, and the use of algorithms in various sectors is becoming increasingly prevalent. The CCI’s proactive stance on digital market regulation reflects its commitment to ensuring fair competition and curbing monopolistic tendencies.

As digital technology continues to advance, the CCI recognizes the need for adaptive legal frameworks to tackle the unique challenges presented by algorithmic opacity. This evolution is essential to maintain a competitive market environment that fosters innovation and protects consumer interests.

In conclusion, Kaur called for ongoing efforts to refine competition laws to better address the complexities introduced by digital technologies. This approach will be crucial in navigating the intricate landscape of modern digital markets.

Leave a comment

Your email address will not be published. Required fields are marked *