Need to differentiate between competition, free markets: Anantha Nageswaran
New Delhi, March 3: Chief Economic Adviser V. Anantha Nageswaran on Friday said that there is a need to differentiate between competition and free markets.
Nageswaran, while delivering a keynote address at the National Conference on Economics of Competition Law, said that regulators and competition agencies can work in tandem to set up a framework to prevent barriers in markets.
He further noted that it is competition which drives innovation.
However at the same time, he added that there is a distinction between competition and free markets.
Nageswaran further said that there is always competition between competition regulators, and firms as well as markets.
(The content of this article is sourced from a news agency and has not been edited by the ap7am team.)
