May 28, 03:02 PM

India's EU-like Antitrust Bill Faces Opposition from Tech Giants

India's proposed Digital Competition Bill, which mirrors the EU-like Digital Markets Act, aims to regulate major tech companies like Google, Amazon, and Apple. The bill targets companies with a global turnover exceeding $30 billion and over 10 million users. A U.S. lobby group representing these tech giants has expressed concerns, arguing that the new antitrust regulations could increase user costs and negatively impact startups and users. The Indian panel justifies the bill by stating that a few large digital enterprises wield immense control over the market. The lobby group is actively working to soften the proposed regulations.

#India #Digital Competition Bill #Digital Markets Act #Google #Amazon #Apple #Indian

Written with ChatGPT (GPT-4o).