India’s new e-commerce rules curb home-grown dominance such as Amazon, Google, etc.

According to the latestmedia news, the Indian government’s latest e-commerce policy draft, e-commerce companies to deal with data to impose government oversight, under the new rules of government regulators even have the right to view the source code or algorithms, and require e-commerce companies to be required to submit data to the government within 72 hours of the request. India’s market has grown explosively in recent years, both in smartphones and mobile internet, but its home-grown companies are weak and are quickly dominated by multinational technology giants.

In e-commerce, the two big e-commerce giants with a monopoly in India are The Us Company, Amazon and Flipkart, a Wal-Mart store.

India's new e-commerce rules curb home-grown dominance such as Amazon, Google, etc.

There have been calls in India to reduce the dominance of global tech giants such as Amazon, Google and Facebook, which have been working on a regulatory policy system for at least two years.

The government will appoint an e-commerce regulator to ensure full market competition in the industry and broad access to information resources for industry players, according to a new draft e-commerce policy drawn up by the Ministry of Commerce.

The rules also provide that governments will also be given access to the source code and algorithms of online companies, which India’s commerce ministry says will help ensure that competitors’ “digital biases” are avoided. The draft also addresses the determination of whether e-commerce enterprises have “interpretable AI”

India’s fast-growing Internet economy has 500 million users and is growing, with fierce competition from online retail and media content services to mobile chat and mobile payments. U.S. tech giants are leading the way in these areas, and competing local start-ups have recently turned to sympathetic Indian governments for help.

The Ministry of Commerce of India will now provide a draft policy on its official website for comment by stakeholders and external comments.

The draft policy notes that some of the leading giants have a tendency to control most of their data resources.

“The presence of more service providers in the market is in the interest of Indian consumers and the local ecosystem, and such a network effect will not lead to the creation of Internet monopolies and prevent a small number of companies from abusing their dominant market position,” the policy said.

This policy remains open on where Internet user data is stored, with no clear provisions, and the government will consult with relevant stakeholders to identify e-commerce categories that require local mirroring or localization.

India’s previous draft, which has been focused on storing data overseas, has been a source of disagreement in india in the past, with some calling for internet companies to store data inside india, although some critics say India is too protective of its new technology companies and hurts other technology companies.

India’s new draft policy requires e-commerce companies to provide data to the government within 72 hours of a request, including information that could be relevant to national security, taxation and law and order.

The draft policy also says it will require e-commerce platforms to provide consumers with details of sellers, including phone numbers, customer complaint contacts, emails and addresses. In the case of imported goods, the value of the country of origin and the work done in India should be clearly stated.

In addition, the draft policy states that regulators should regulate foreign e-commerce companies that provide live video services, especially those who use online payers, to ensure that users conduct such transactions through formal and regulated payment channels.