Economic Digitalization And Indian Law
- IJLLR Journal
- May 14, 2023
- 2 min read
Ayesha Afrose, B. S. Abdur Rahman Crescent Institute of Science and Technology
ABSTRACT
India's declaration of independence marked a turning point in its economic history. Less than a sixth of Indians were literate, and as a result of Britain's steady deindustrialization, the nation was in abject poverty. Dreams of individual, economic, social, and political freedom were brought about by independence. 74 years later, the nation's economic activities have changed as a result of these ideals. Currently, India is the country with the largest share of the global digital economy and the most infrastructure for e-business and e-commerce, which use information and technology to create and adapt products and services for online sale or consumption. Digital novelties range from collaboration platforms and apps for smartphones to digital banking, e- commerce, virtual learning, and much more.
In India, millions of people use the digital economy to buy and sell goods and services. Nowadays, fraudulent use of digital marketing involves "hijacking" advertising traffic for cybercriminals' financial gain by using fake traffic and engagement. Spammers who engage in phishing or use malware or "bad code" to generate fraudulent traffic to ads are examples of digital marketing fraud. In India, the Ministry of Electronics & Information Technology (MeitY) and the Digital Economy & Digital Payment Division (DEDPD) are the two government departments in charge of keeping an eye on the country's digital economy.
Clearly, there is less connection between legal development and the digital economy. To ensure India's continued and stronger digital economic growth, the issues of legal development in the nation must constantly be addressed. The paper examines how the lack of laws, which leads to crimes in digital economy and an indifferent attitude from legal decision-makers as a barrier to economic development.
Keywords: Economy Development, Digitalization, Digital Economy, Digital-Fraud, Legal Regulations
