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It won't come to you easy. You will need to read and familiarise yourself with the FEMA framework, insider trading regime, takeover code and yes - companies act. But if you do that - you will really shine. And sorry to say - it's not that every M&A associate does ground breaking work.
This may sound like a biased rant but yes - this is my vie at least.
Downside: very very very niche. A handful of people in the country practice competition law.
M&A - Everyone wants to do M&A, but it's too crowded. Most of your initial years will be spent doing pointless DDs. But yes, it's the closest thing to industry experience in corporate law.
IBC - Similar to M&A in terms of work, but instead of acquisition of great companies, you're doing resolution of insolvent companies. But less crowded, easier to make your mark here. Also, it is recession proof - you in fact, make more money during a down-market.