E-COMMERCE LAWS IN THE INDIAN PERSPECTIVE

Abstract

Electronic commerce offers exceptional opportunities for the economic development of India, with its huge pool of technology skilled, English speaking manpower. However the growth of e-commerce will depend on the concomitant advancement of a consistent legal and regulatory framework able to cope with ensuring rights and obligations in a virtual environment. A number of developing countries have pursued policies to formulate consistent legal and regulatory framework to support electronic transactions across state, national and international borders. Besides developing the e-infrastructure in the country through effective Telecom Policy measures, the Indian Government is taking appropriate steps as confidence building measures for the growth of e-commerce. It has created the necessary legal and administrative framework through the enactment of Information Technology Act 2000, which combines the e-commerce transactions and computer misuse and frauds rolled into an Omnibus Act.