India has experienced two eras of competition law. A new framework of competition law originated to facilitate the liberalisation of India’s economy in the 1990s and India’s ambition of becoming a global economic power. India’s older competition law, the Monopolies and Restrictive Trade Practices Act 1969, was not considered suitable as a modern competition law. Its approach was to control monopolies and the consolidation of economic power rather than to promote competitive markets using principles of neoclassical economics. Despite its lengthy exposure to competition law, India did not have significant jurisprudence under the old competition law framework and the new law became a fresh start for Indian competition law. The new law i.e., the Indian Competition Act 2002 (ICA) was based on the Report of the High Level Committee on Competition Policy and Law (2000) or the Raghavan Committee Report, which is often referenced in interpreting its provisions.