Draft of National e-commerce Policy
Draft of National e-commerce Policy is to make the top class of the commercial universe in which goods, including digital products, and services are bought, sold, marketed, and distributed through an electronic network, and in which delivery and payment may be online.
This to facilitate internet-based transactions and stand at international comparative advantage as an electronic marketplace and data storage and processing center.
The 42 page National e-commerce Policy contains of 6 parts
I. DATA
II. INFRASTRUCTURE DEVELOPMENT
III. e-COMMERCE MARKETPLACES
IV. REGULATORY ISSUES
V. STIMULATING THE DOMESTIC DIGITAL ECONOMY
VI: EXPORT PROMOTION THROUGH e-COMMERCE
The global economy is swiftly moving towards digitization. Automation in manufacturing sector, use of artificial intelligence, online retail, development of software and applications for conducting activities over the internet which were earlier conducted offline, changing business models operating around access to data, smart classrooms etc. are a few examples where human intervention has minimized and on technology adoption has increased. The explosion of eCommerce and volumes of data generated on daily basis has brought, what many consider as the Fourth Industrial Revolution. It is characterized by a fusion of various technologies that is gradually blurring the lines between the physical, digital and biological spheres. There is a potential that the global income levels May rise and the quality of life of people around the world may improve. India has not been left untouched by these developments. Internet penetration has increased, more people across the country now have access to smartphones, e-Commerce sector has emerged as one of the fastest growing sectors which will account for overwhelming substantial proportion of the economy in the future.
This to facilitate internet-based transactions and stand at international comparative advantage as an electronic marketplace and data storage and processing center.
The 42 page National e-commerce Policy contains of 6 parts
I. DATA
II. INFRASTRUCTURE DEVELOPMENT
III. e-COMMERCE MARKETPLACES
IV. REGULATORY ISSUES
V. STIMULATING THE DOMESTIC DIGITAL ECONOMY
VI: EXPORT PROMOTION THROUGH e-COMMERCE
The global economy is swiftly moving towards digitization. Automation in manufacturing sector, use of artificial intelligence, online retail, development of software and applications for conducting activities over the internet which were earlier conducted offline, changing business models operating around access to data, smart classrooms etc. are a few examples where human intervention has minimized and on technology adoption has increased. The explosion of eCommerce and volumes of data generated on daily basis has brought, what many consider as the Fourth Industrial Revolution. It is characterized by a fusion of various technologies that is gradually blurring the lines between the physical, digital and biological spheres. There is a potential that the global income levels May rise and the quality of life of people around the world may improve. India has not been left untouched by these developments. Internet penetration has increased, more people across the country now have access to smartphones, e-Commerce sector has emerged as one of the fastest growing sectors which will account for overwhelming substantial proportion of the economy in the future.
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