Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
5. Discuss the concerns associated with growth of e-commerce in India. Do you think over-stringent regulations would lower consumer welfare, work against small businesses, and stifle innovation? (250 words)
Reference: Live Mint
Why the question:
The article explains that E-commerce has become one of the most important segments of the global economy. Any attempt to regulate it, will have implications for the economy of the country.
Key Demand of the question:
Discuss the concerns associated with growth of e-commerce in India.
Directive:
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
Introduction:
India’s e-commerce sector is set to expand into an oligopoly with the entry of Reliance, Tata, and a revamped Snap deal from a near-duopoly of Amazon and Walmart-owned Flipkart at present.
Body:
The answer body must have the following aspects covered:
Explain first the Concerns regarding growth of e-commerce in India.
Brief about the proposed e-commerce rules and analyse their validity.
Then explain the significance of E-commerce entities to India.
Conclusion:
Suggest what needs to be done and conclude with way forward.
