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India Has Made A Brand Name For Itself: FM

She said that there is a need to look into these and ensure that there are no monopolistic, duopolistic tendencies leading to price rises and supply-side manipulations

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When the government is pushing infrastructure growth to scale up demand, there is a possibility of threat from cartelisation, said Union Finance Minister Nirmala Sitharaman at the 13th annual day commemoration of the Competition Commission of India (CCI). 

Sitharaman highlighted that there is a global shortage of commodities due to the pandemic, and now, following the war in Eastern Europe, the supply chain has been adversely affected. 

She said that there is a need to look into these and ensure that there are no monopolistic, duopolistic tendencies leading to price rises and supply-side manipulations.

She said that India has made a brand name for itself, be it in fintech or in adopting digital tools such as artificial intelligence and the internet of things (IoTs). 

She particularly cited how Aadhar, India Stack, and other necessary digital public infrastructure support have been harbingers of the digital revolution.

The Finance Minister called upon CCI to understand the technological nuances of the new digital era and whether these markets are being fairly, effectively, and transparently used for the benefit of consumers.


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union finance minister nirmala sitharaman