India's proposed EU-like antitrust law to pose new challenge for tech firms

Posted under: Tech Moves
Date: 2024-06-11
India's proposed EU-like antitrust law to pose new challenge for tech firms

India's proposed Digital Competition Bill aims to regulate tech giants like Apple, Google, and Meta, mandating fair operations and prohibiting favoritism and data exploitation. This EU-like antitrust law targets firms with significant turnovers and user bases, seeking to address market concentration and power imbalances. Violations could lead to hefty fines, impacting their business models.