Raychaudhuri, Tilottama2021-03-182021-03-182020-030976-3570https://ir.nbu.ac.in/handle/123456789/3971The Directive Principles of State Policy as enshrined in Article 39 of the Constitution of India lay down, inter alia, that the State shall direct its policy towards securing that the operation of the economic system does not result in concentration of wealth, to the common detriment. However, a study of the Indian market, decades after the enactment of the Constitution, reveals that the same is prone to wealth concentration, due to failure of the competitive fabric of the market. One of the ways in which such market failure occurs is by abuse of market power by firms, due to anti-competitive practices such as predatory pricing....enArticle