E-Retailing Laws and Regulations in India

Abstract

E-commerce in today's world has become one of the most essential parts of everyday life. Particularly for urban areas, the accessibility to platforms of e-commerce is not just an opportunity but rather a necessity for most people. In 2014, nearly 75% (2.1 billion) of all internet users in the world (2.8 billion) lived in top 20 countries. The remaining 25% (0.7 billion) were distributed among the other 178 countries, each representing less than 1% of total users. China, the country with the most users (642 million in 2014), represents nearly 22% of the total and has more users than the next three countries—United States, India, and Japan—combined. The growth of the e-commerce industry is not only indicative of the increasing openness of the public but has also brought to the front the issues that the legal system of the country has been faced with. The legal system has constantly tried to be updated especially with the enactment of IT Act to deal with lots of issues emerging from the use of the internet.