E-Commerce in India: Its Legality, Pros. and Cons.
E-commerce is a boom in the modern business. E-commerce means electronic commerce. E-commerce (Electronic commerce) involves buying and selling of goods and services, or the transmitting of funds, data, over an electronic network or any electronic gadgets, predominantly the Internet. E-commerce (Electronic commerce) is a paradigm shift influencing both marketers and the customers. E-commerce is such a way which will enhance the existing business practices. It has completely changed the traditional way of business. The whole world including India has witnessed or observed the significant change and tremendous growth of the business model. The growth of e-commerce and start ups have been increasing due to massive internet penetration which is also differentiating business model. Moreover E-Commerce has important influences on the environment. The e-commerce is highly used in present business scenario but the option has not been explored completely. The current research has been done to describe the scenario of E-Commerce, study the trends of E-Commerce. The study further examines the key variables imperative for the success of E-commerce business models. E-Commerce in India is regulated by Indian Evidence Act 1872, Indian Contracts Act 1872, Information Technology Act 2000. Besides these the Indian Judiciary has also played an active role in determining the various aspects of the same e-commerce. This paper endeavors to highlight the legality, pros and cons of e-commerce in India on the basis of existing literatures, reports, studies and other relevant materials.
Keywords: E-Commerce, Internet, Self-service, Technology, funds, Data, Internet banking. Information Technology Act 2000, Indian Evidence Act 1872, Indian Contracts Act 1872.
Cite this Article: Dipankar Chakraborty. E-Commerce in India: Its Legality, Pros. and Cons. E-Commerce for Future & Trends. 2020; 7(2): 1–6p.
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