In proposing to tighten the rules around e-commerce, India is both offering respite and ruffling feathers in equal measure. The draft e-commerce policy released by the Modi government on Feb. 23 is poised to shake up the country’s nearly $40 billion (around Rs2.8 lakh crore) online retail industry, opening the doors to data-sharing among players as well as clamping down on the proliferation of fake goods.
At its heart, the concept of “data for public good” is positive, said Sanchit Vir Gogia, chief analyst and CEO of Greyhound Research. However, he added, that the companies may feel too exposed if they are made to share their source codes, the computer program that is the secret sauce of an internet company.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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