Context: A U.S. lobby group representing tech giants Google, Amazon, and Apple has recently urged India to reconsider its proposed EU-like digital competition law, citing concerns that regulations targeting data use and partner preferences could potentially escalate user costs.
Draft Digital Competition Bill
oSelf-Reporting Regime: The bill introduces a self-reporting mechanism for companies engaged in "core digital services" to determine their designation as Systematically Significant Digital Enterprises (SSDEs).
oQuantitative Criteria: If in the last 3 financial years, its turnover in India is not less than Rs 4,000 crore; or its global turnover is not less than $30 billion; or
üIts gross merchandise value in India is not less than Rs 16,000 crore; or
üIts global market capitalisation is not less than $75 billion; or
üThe core digital service provided by these companies should also have at least 1 crore end users, or 10,000 business users.
EU’s Digital Markets Act 2022
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