Amazon, Uber recently expressed concern over lack of clarity in regulation. E-commerce players such as Amazon and Uber feel that dated laws and lack of clarity in regulations are the biggest risk for their India operations.
“The rules that exist are dated and there is less clarity and lack of transparency. This leaves the rules open to interpretation and open to judgement on the investor’s best call,” Sanchit Vir Gogia, Chief Analyst and Chief Executive Officer, Greyhound Research told BusinessLine.
“There is definitely a need for specific rules and regulations for consumer protection,” he added.
“The primary reason for increase investments is the large consumer base and the potential demand from India,” said Greyhound Research’s Gogia.
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