Write a note on the evolution and development of Indian competition laws.

The first law on competition was enacted in 1969 and was christened as the Monopolies and Restrictive Trade Practices Act, 1969. The genesis of the MRTP Act, 1969 is traceable to Articles 38 and 39 of the Constitution of India. The Directive Principle of State Policy in those Articles lays down, inter-alia that the State shall strive to promote the welfare of the people by securing and protecting as effectively, as it may, a social order in which justice - social, economic and political- shall inform all the institutions of the national life, and the State shall, in particular, direct its policy towards securing: that the ownership and control of material resources of the community are so distributed as best to subserve the common good; and that the operation of the economic system does not result in the concentration of wealth and means of production to the common detriment. Legal framework dealing with competition in India spread over other legislations, besides the Monopolies and Restrictive Trade Practices Act, 1969, other legislations dealing with competition include Consumer Protection Act, 1986, the Patents Act 1970 etc. To prevent practices having adverse effect on competition, to promote and sustain competition in the markets and to protect the interest of consumers, in 2002, Parliament enacted Competition Act, 2002.