What is the rationale behind the enactment of Consumer Protection Act 1986?

The Consumer Protection Act (1986) was enacted to:
1. Safeguard Consumer Rights: Protect consumers from unfair trade practices and exploitation.
2. Establish Grievance Redressal: Set up forums for resolving consumer disputes effectively.
3. Empower Consumers: Provide legal recourse for seeking compensation and promoting awareness.
4. Promote Fair Practices: Encourage fair competition and ethical conduct in business.
5. Streamline Legal Procedures: Simplify processes for expedient dispute resolution and consumer protection.