In the majority of regions, cartels are considered illegal and promoters of anti-competitive practices. The actions of cartels hurt consumers primarily through increased prices and lack of transparency.

Why is cartel illegal in most countries?

A cartel is an arrangement between businesses in a sector, which collude to avoid competition with one another. Because of their negative effect on competition, and thus on the consumer, the organisation of cartels is illegal in many developed countries. ...

Is cartel illegal in India?

In India, cartelisation is a civil offence prohibited under the Competition Act, 2002 (“Act”). 1.2 What are the specific substantive provisions for the cartel prohibition? Cartels are prohibited under Section 3(1) read with Section 3(3) of the Act.