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India's Price Ceiling on Uber Rides Hurts Riders, Drivers and the Economy

Recent regulatory blowback against Uber, Lyft and other ridesharing services around the world have reignited the ongoing regulatory policy debate surrounding the ride service in India, Uber’s second biggest market in terms of cities where it operates. Most prominently, India’s government recently enacted legislation that allows major cities to arbitrarily set limits how much ride service companies such as Uber can charge riders during peak times.