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Excessive competition could harm economic stability, key Indian official warns

By Freny Patel ( March 6, 2023, 03:06 GMT | Insight) -- Tougher antitrust regulation targeting tech giants could have the unintended consequence of harming competition and creating obstacles for new market players, a senior Indian government official has warned. Indian Ministry of Finance adviser V. Anantha Nageswaran has urged the country’s antitrust authority and other regulators to ensure that markets are kept competitive and free of entry barriers, while also avoiding competitive excesses that could create instability in markets such as banking, insurance and securities.Tougher antitrust regulation targeting tech giants could have the unintended consequence of harming competition and creating obstacles for new market players, a senior Indian government official has warned....

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