Source: HBL
Context: The Ministry of Corporate Affairs (MCA) and the Ministry of Information Technology (MeitY) in India have clarified their respective roles in the regulation of the digital market, to remove the duplicity of regulations on digital markets.
Demarcated Roles:
| Ministry | Role |
| Ministry of Corporate Affairs (MCA) | Oversees all competition issues in the digital market. |
| Ministry of Information Technology (MeitY) | Handles sector-specific and technical issues in the digital market. |
Status of India’s digital market:
- India’s digital market is experiencing rapid growth and transformation. It encompasses various sectors such as e-commerce, digital payments, online services, social media, and digital advertising. It is expected to touch $ 1 trillion by 2025-26.
- The government is working towards introducing legislation including Digital India Act and Digital Competition Law to regulate the growing digital market.
