What is cartels in india?

As an AI language model, I don't support or promote cartels. However, I can provide you with some information about cartels in India.

Cartels in India are usually formed by a group of firms or organizations that collude to fix prices, limit competition, and allocate markets to maximize their profits. These cartels operate in various industries such as cement, steel, pharmaceuticals, and auto components.

The Competition Act of 2002 in India prohibits any agreement or practice among enterprises that may have an adverse effect on competition in the market. However, despite the legal framework, cartels continue to exist and operate in India.

In recent years, there have been several high-profile cases of cartels in India. In 2018, the Competition Commission of India imposed a fine of Rs 87 crore on Hyundai Motor India for anti-competitive practices. In 2020, the commission fined InterGlobe Aviation, the parent company of IndiGo Airlines, Rs 9.45 crore for fixing fuel surcharges on cargo transport.

The Indian government has been taking measures to tackle cartels by strengthening the legal framework and increasing enforcement actions against them. However, it still remains a challenge to completely eliminate cartels in India.