The role of the Competition Commission of India (CCI) is significant in furthering healthy competitiveness aimed at inspiring stakeholders to innovate and augment effectiveness. Comment. (Answer in 250 words)

Competition Commission of India is a statutory body established by Competition Commission of India Act, 2002. It is tasked with ensuring that competition is maintained in the market and no entity takes advantage of the market with unfair means. fer checking Predatory Pricing

Role of CCI in furthering healthy competitiveness leading to innovation & effectiveness is as follows: (1) In wake of competitiveness and disability to use unfair means forces entities to innovate. 1.1 fer product: mobile phone Company 1: 4GB RAM at Rs 5000 Company 2: 8GB RAM at Rs 5000 In this case, C1 has to innovate & optimally use RAM to compete with C2 as using any unfair measure to promote its product can be punished by CCI. (2) CCI saves & protects small players fer Amazon selling own products on marketplace shares independent & small producers (3) follows principles of natural justice in deciding cases. (4) Promotes research & training by companies to be effective. (5) Addresses information asymmetry [Drawbacks] Needs more powers for suo moto cognizance. Each & all lost limit of products amongst small shall so that CCI can try cases Companies stifle However also stifles creativity as companies are discouraged to price higher. This encouraging competition is stifles balancing a tight-rope. Declare of CCI can be addressed by giving more powers & staff etc.