How India's Economy Works Big Tech’s Hidden Costs and Power with Payal Malik
In this episode, Puja Mehra talks to economist Payal Malik about the impact of big tech companies like Google and Meta on market competition in India and the recent antitrust ruling against google. They explore how these giants dominate industries through data extraction, stifling innovation and harming suppliers, the need for new regulations to address anti-competitive behavior, the role of digital gatekeepers in shaping the future of the digital economy and much more.
ABOUT PAYAL MALIK
Payal Malik is a public policy economist, with expertise in competition law and policy, digital markets, antitrust litigation, technology policy, and economic regulation of network industries. She has been an Economic Adviser and Head of the Economics Division at the Competition Commission of India (CCI) for ten years between 2012-2023, where she played a key role in advising the Commission on the economics of competition law across an expansive range of markets and led interfaces between the CCI, sector regulators, government, industry and the international competition community.
She was the Convener of the Working Group on New Age Economy and Bigdata constituted by the Ministry of Corporate Affairs, Government of India (GoI), for the competition law review committee (CLRC). She was also nominated as a member of the task force of the GoI formulating the e-commerce policy of India and member of a sub group of the Committee on Digital Competition law (CDCL), devising an ex-ante regulatory mechanism for digital markets through a separate legislation.
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