India was one of the last major economies to introduce a competition law. Its enforcement was further delayed by legal challenges, legislative processes and, if one might venture to say, the lack of ‘competitive appetite’ in the government. The Competition Act came into force in January 2003, the Competition Commission was established in October that year, but the enforcement could commence only in May 2009! After a hesitant start, the Commission has recently been enforcing the law vigorously, though pragmatically. The road, however, continues to be mined with obstacles. The newest kid on the block is not exactly a welcome member of the regulatory family. The challenges to its jurisdiction have been multiple.

Source - http://www.financialexpress.com