- GS-2: Effect of policies and politics of developed and developing countries on India’s interests.
- GS-3: Economic Development
Context: The Digital Markets Act (DMA) entered into force in the European Union (EU) on November 1, seven months after it was agreed for by the European Parliament in March 2022.
- The bill, which was first proposed by the European Commission in December 2020, endeavours to put an end to unfair practices by tech companies that act as ‘gatekeepers’ in the online space.
- In simpler terms, it seeks to confront the domination of Big Tech which restrains the growth of new and alternate platforms.
Main Practice Question: What is European Digital Markets Act and what can India learn from it with regard to regulation of new age technological companies?
Note: Write answer his question in the comment section.