Should Big Tech worry about India’s antitrust reform?

India’s proposed EU-like antitrust law will pose a fresh regulatory challenge for tech firms including Apple, Google and Meta, laying out strict compliance obligations that could affect their business models.

The Indian government is currently examining a panel’s February report that proposed a new “Digital Competition Bill” to complement existing antitrust laws. A key U.S. lobby group has already opposed the move, fearing its business impact.

Here are key details of India’s proposal:

Who would the law apply to?

The law would affect what it says are “systemically significant digital” companies. Those with a domestic turnover exceeding $480 million or a global turnover of over $30 billion, along with a local user base of at least 10 million for its digital services, would be covered.

Apple, Google, Meta, Amazon would come under the purview of the Indian law, which has yet to be approved by parliament.

Why does India want a new antitrust law?

The government panel said new regulations were needed as the digital market was “increasingly becoming concentrated”, with a few large companies wielding “immense control over the market.”

That, the panel said, meant smaller digital firms and startups need to depend on the larger companies, giving rise to “an imbalance in bargaining power”.

What would the new law require?

Companies would be required to operate in a fair and non-discriminatory manner, with the bill recommending a penalty of up to 10% of a company’s global turnover for violations – just like EU’s Digital Markets Act.

The big digital companies would be prohibited from exploiting non-public user data and from favouring their own products or services on their platforms.

The companies would also be barred from restricting the ability of users to download, install or use third-party apps in anyway. And they would have to allow users to select default settings freely.

The law proposal and feedback received will now be reviewed by the Ministry of Corporate Affairs, whose minister, Nirmala Sitharaman, remains in place following India’s election.

Which tech firms already face India’s scrutiny?

In India, Amazon and Walmart’s Flipkart are being examined for promoting select sellers on their e-commerce platforms, hurting rivals.

Google has faced antitrust fines and is embroiled in legal battles over abusing its position in the Android mobile operating system market, including restricting users’ ability to remove pre-installed apps.

Google, as well as Apple, are also facing scrutiny for promoting their in-app purchase systems, which a non-profit group alleges hurts rivals.

All the companies deny any wrongdoing.

–Arpan Chaturvedi, Reuters

https://www.fastcompany.com/91139164/india-antitrust-law-big-tech-apple-google-meta-amazon?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Létrehozva 12mo | 2024. jún. 11. 18:50:02


Jelentkezéshez jelentkezzen be

EGYÉB POSTS Ebben a csoportban

This smart new internet speed test blows Ookla out of the water

These days, our tech experiences are all about speed—and our expectations for instant action are actually kinda insane.

Think about it: Not so long ago, phones, computers, and e

2025. máj. 24. 12:50:02 | Fast company - tech
Use this Google Flights “anywhere” hack to see where you can travel on your budget 

Memorial Day Weekend is upon us, marking the unofficial start of the summer vacation season in America. Yet, a recent Bankrate survey from late April found that

2025. máj. 24. 10:30:04 | Fast company - tech
Need to relax? The Internet Archive is livestreaming microfiche scans to a lo-fi beats soundtrack

Want to watch history being preserved in real time?

The Internet Archive, the digital library of internet sites and other cultural artifacts, has started 

2025. máj. 23. 22:50:04 | Fast company - tech
What’s actually driving the protein boom?

There’s a quiet transformation underway in how we eat. It’s not being led by chefs, influencers, or climate activists. It’s being driven by a new class of pharmaceuticals that are changing the way

2025. máj. 23. 18:20:05 | Fast company - tech
‘Bro invented soup’: People are rolling their eyes at the water-based cooking trend on TikTok

On TikTok, soup is getting a rebrand. It’s now water-based cooking, to you.

“Pov you started water based cooking and now your skin is clear, your stomach is thriving and you recover from

2025. máj. 23. 18:20:04 | Fast company - tech
9 of the most out there things Anthropic CEO Dario Amodei just said about AI

You may not have heard of Anthropic CEO Dario Amodei, but he’s one of a handful of people responsible for the current AI boom. As VP of Research at OpenAI, Amodei helped discover the scaling laws

2025. máj. 23. 15:50:06 | Fast company - tech
Sorry, Google and OpenAI: The future of AI hardware remains murky

2026 may still be more than seven months away, but it’s already shaping up as the year of consumer AI hardware. Or at least the year of a flurry of high-stakes attempts to put generative AI at the

2025. máj. 23. 13:40:04 | Fast company - tech