With the Indian government drafting new e-commerce policies, tech giants like Google and Amazon may face new harsher rules. The new policies are being drafted to help local startups in the region while also having government oversight on how big corporations handle data.
The new e-commerce policy drafts have been in the making for at least two years now, through which, the government will appoint a new regulator. This regulator will ensure fair practice and competition within the industry and will have broad access to information resources. The new policy drafts have been prepared by the ministry of commerce department for the promotion of industry and internal trade.
According to proposed rules, the government will have mandated access to online companies’ source codes and algorithms. In other words, the ministry wants access to internal workings of big corporations to ensure against “digitally induced biases.” India’s digital economy is a booming market with a massive user count number in half a billion. Furthermore, it is still growing with notable areas being content streaming, online payments, e-retailers, and even social media platforms.
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In these aforementioned areas, global corporations are ruling the market with a massive dominance, making it harder for local startups to enter the market. Just recently, the government had banned 59 Chinese applications over security issues and the newly proposed policies are along the same lines. In the draft, it is mentioned that “there’s a tendency among some of the leading companies to exercise control over most of the information repository.”
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(Via)
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