Competition law has seen phenomenal growth in recent years. For an efficient market economy, competition is critical as it fosters innovation, productivity and growth, which ultimately benefit consumers by achieving the lowest level of costs and prices. Competition increasingly features in international trade dialogue and in bilateral as well as regional trade agreements. With contributions from leading experts in the field, The book provides an authoritative and impressive overview of the modern competition law regime with particular emphasis on India. The volume covers the history, objectives and substantive provisions of competition law and its economics, its relationship with regulated markets, its international dimensions and describes the law in key foreign jurisdictions and developing countries. This second edition includes two additional chapters and many others substantially revised, to provide an updated account of law incorporating changes that have taken place since the first publication of the volume in 2007.