Draft on ‘National Policy on e-Commerce’ released for opinion 29/07/2019 – Posted in: Press Information Bureau

National Policy on e-Commerce

(Ministry of Commerce & Industry)

 

WHAT

An institutional framework will be put in place to bring out the e-commerce policy within the next 12 months.

A draft National e-Commerce policy has been prepared which addresses six broad issues of the e-commerce ecosystem viz.

  • E-commerce marketplaces
  • Regulatory issues
  • Infrastructure development
  • Data
  • Stimulating the domestic digital economy
  • Export promotion through e-commerce

 

CHALLENGES CONFRONTING INDIA IN THE ARENA OF DIGITAL ECONOMY AND E-COMMERCE

Some of the issues are:

  • Physical and digital infrastructure
  • The regulatory regime
  • Taxation policy,
  • Foreign Direct Investment (FDI)
  • Technology flows
  • Skill development
  • Trade-related aspects

 

HIGHLIGHTS

  • The draft national e-commerce policy proposed setting up a legal and technological framework for restrictions on cross-border data flow.
  • It also laid out conditions for businesses regarding the collection or processing of sensitive data locally and storing it abroad.

 

WHY INDIA NEED AN E-COMMERCE POLICY

  • India’s e-commerce sector is expected to grow to $200 billion over the next 10 years.
  • This necessitates better policy response and coordination among various wings of the government.
  • This can result in job creation, productivity improvement, and increased consumer presence on online platforms.
  • For India to fully benefit from these opportunities, it is important for policymakers to have clearly laid-down rules for e-commerce in the country.
  • An India e-commerce policy will also enable better negotiations on multilateral issues with the World Trade Organization.

 

Source: PIB

 

Also, read more PIB Updates

 

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