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Around the world, the blind belief in self-regulation as the guiding principle for the internet is slowly fading. Indian regulators may have found part of the answer in reining in the likes of Amazon, Google and Facebook, which have, for long, been left unregulated. Will others follow suit?
Consumers and competitors alike have asked for governments to regulate the growing power of big tech companies. The Indian regulators have taken a range of steps that have been instrumental in holding these companies liable for their actions. Also, steps to prevent them from eating away their competition. But do these steps really ensure that the consumer or market benefit in the long-term?
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