Prospects for the future of policy e-commerce

Abstract

India is the second-fastest-growing world economy, and the company certainly has the world's largest attraction. E-commerce is one of India's most competitive markets in all sectors. The contribution of India to the 2.8-trillion dollars worldwide, which will be project to reach $200 billion by 2026, is roughly $40 billion. This is a significant increase in the E-commerce sector, as the Internet and smartphone utilisation has increased exceptionally. The digital transition in India leads to the world's top annual growth in e-commerce profits of 51%. We may be busy in our office. We need to install the company's application and find everything quickly and order home delivery using internet and smartphone. Internet and smartphone help to get thing very easily; you need to click. Evidence indicates that faith is essential to anything purchasing. When faith in the business is strong, a customer buys the commodity. But we have no actual example of the commodity in the e-commerce environment, which we need to depend on from other consumers to test and learn. Under established Make in India initiative and Digital India, the national E-Commerce strategy seeks to create a structure to achieve comprehensive development in the e-commerce field. The FDI E-commerce Strategy has established so that the competition plays an equal part to all players, thus ensuring that distortionary effects do not exist by price control, inventory and vendor regulation. Economic growth and other public policy priorities will also be a major factor in the sustainable development of the sector. Technology and data drive the e-commerce sector. In a consumer-oriented country such as India, continuously evolving data technologies and volumes require a regulatory framework that enables domestic entrepreneurs to achieve empowerment. To leverage access to data, to connect MSMEs, sellers, traders etc. to the digital eco-system and to allow consumers to control data generated and held by these enterprises. For any entity, organisation or government, data is a valuable resource. Data access is useful for analytical, statistical, business and security purposes in informed decision-making. The neverin-precedented growth of database server is as dangerous to misuse this as it creates the opportunity for policymaking incentives. On 23 Feb 2019, the Department of Industry Promotion and International Trade published the draft National E-Commerce policy with government requesting insight into the proposal by 9 March 2019. The overall goal of the initiative is to plan and encourage all stakeholders to take full advantage of new business opportunities. The Policy also aims at control of cross-border data flows and the exchange of anonymised collective data given the growing importance of data protection and privacy. Also, it clearly defines what constitutes a model of the marketplace and what includes a sales and distribution model based on inventory. Thus, an E-commerce Company in which foreign investment made cannot own and monitor the stock of inventories on its company. The policy designed to promote and facilitate foreign investments alone in the' marketplace' model.