US Tech Giants Say Indian Panel's Recommended Competition Act 'Absolutist and Regressive'

An influential industry group that represents Google, Meta and Amazon among other tech firms has expressed concerns about the digital competition law recommended by an Indian parliamentary panel that seeks to regulate their alleged anticompetitive practices, calling the proposal "absolutist and regressive" in nature in the latest escalation of tension between U.S. tech giants and New Delhi. From a report: The Parliamentary Standing Committee on Finance recommended last month that the government enact a digital competition act to regulate anticompetitive business practices by Big Tech companies on its platforms, prohibiting them from preferentially promoting their in-house brands or not supporting third-party systems. The competition act, the panel said, "will be a boon not only for our country and its nascent startup economy but also for the entire world." Industry group Asia Internet Coalition said in a statement that the proposed digital competition law may hurt digital innovation in India and could impact the investments by businesses in India and have "disproportionate costs" to consumers in the South Asian market. "The report put forward by the committee is prescriptive, absolutist and regressive in nature," it added.

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