This chapter sketches the evolution of the Competition Act. It begins with the three major mergers after the 1991 amendment of the MRTP Act and the growing clamour for a competition act in the country to replace the MRTP. However, it was India’s joining the WTO that necessitated taking steps towards the Act that started in a major way with the formation of Raghavan Committee in 1999. The Concept Bill that followed its report split two ministries of the government, before the Act, after several alterations, came into existence in 2003, only to be immediately challenged in court. An amended Act came into being four years later, and a Commission finally came into being only in 2009. The journey of this Act comes closest to the incremental model of policymaking.