News: The Competere Foundation released the Market Distortions Performance Index (MDPI) 2026, highlighting India's improvement in reducing anti-competitive market distortions.
Key Highlights
- India's Rank: Improved from 82nd (2010) to 57th (2023).
- Purpose: Measures the extent of market distortions affecting competition and economic efficiency.
Pillars of Evaluation
- Property Rights Protection
- Domestic Competition
- International Competition
Major Reforms Driving Improvement
- Goods and Services Tax (GST)
- Insolvency and Bankruptcy Code (IBC)
- Improved Regulatory Environment
- Modernised Trade Facilitation Systems
- Reforms in competition policy, investment climate, digital markets, and external regulatory barriers
Key Findings
- Reduced market distortions have strengthened India's competitiveness.
- Emphasises an evidence-based, effects-oriented competition policy.
- Investment restrictions should prioritise consumer welfare.
- Recommends stronger cooperation with like-minded trading partners to reduce regulatory barriers.