Competition law date

The formal study of "competition", began in earnest during the 18th century with such works as Adam Smith 's The Wealth of Nations.
Different terms were used to describe this area of the law, including:

But after the economic reforms in 1991, this legislation was found to be obsolete in many aspects and as a result, a new competition law in the form of the Competition Act, 2002 was enacted in 2003.
The Competition Commission of India, is the quasi judicial body established for enforcing provisions of the Competition Act.

Laws governing competition law are found in over two millennia of history.
Roman Emperors and Mediaeval monarchs alike used tariffs to stabilise prices or support local production.
The formal study of "competition", began in earnest during the 18th century with such works as Adam Smith 's The Wealth of Nations.